Redwoods Acquisition Corp. (NASDAQ:RWOD – Get Rating) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 1,900 shares, a decline of 26.9% from the January 15th total of 2,600 shares. Based on an average daily trading volume, of 75,700 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.
Redwoods Acquisition Price Performance
Shares of RWOD stock remained flat at $10.20 during trading hours on Tuesday. The stock had a trading volume of 40 shares. The stock's 50-day moving average price is $10.13 and its 200-day moving average price is $10.00. Redwoods Acquisition has a 12-month low of $9.78 and a 12-month high of $11.06.
Get Redwoods Acquisition alerts:Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Deutsche Bank AG purchased a new position in Redwoods Acquisition in the 4th quarter worth approximately $30,000. Saba Capital Management L.P. lifted its holdings in Redwoods Acquisition by 54.4% in the 3rd quarter. Saba Capital Management L.P. now owns 694,779 shares of the company's stock worth $6,885,000 after purchasing an additional 244,779 shares in the last quarter. Marshall Wace LLP lifted its holdings in Redwoods Acquisition by 0.8% in the 3rd quarter. Marshall Wace LLP now owns 200,665 shares of the company's stock worth $1,993,000 after purchasing an additional 1,665 shares in the last quarter. Shaolin Capital Management LLC purchased a new position in Redwoods Acquisition in the 3rd quarter worth approximately $9,003,000. Finally, Glazer Capital LLC increased its stake in Redwoods Acquisition by 3.9% in the 3rd quarter. Glazer Capital LLC now owns 142,913 shares of the company's stock worth $1,412,000 after acquiring an additional 5,409 shares during the last quarter. 17.46% of the stock is owned by hedge funds and other institutional investors.
Redwoods Acquisition Company Profile
(Get Rating)
Redwoods Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. In intends to focus on businesses in the carbon neutral and energy storage industries.
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