Moringa Acquisition Corp (NASDAQ:MACAW – Get Rating) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 11,100 shares, a decline of 28.4% from the January 15th total of 15,500 shares. Based on an average daily volume of 7,100 shares, the days-to-cover ratio is presently 1.6 days.
Hedge Funds Weigh In On Moringa Acquisition
A hedge fund recently raised its stake in Moringa Acquisition stock. Periscope Capital Inc. increased its position in Moringa Acquisition Corp (NASDAQ:MACAW – Get Rating) by 84.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 350,004 shares of the company's stock after acquiring an additional 160,204 shares during the period. Periscope Capital Inc.'s holdings in Moringa Acquisition were worth $26,000 at the end of the most recent reporting period.
Get Moringa Acquisition alerts:Moringa Acquisition Price Performance
NASDAQ MACAW remained flat at $0.15 during mid-day trading on Wednesday. 300 shares of the company were exchanged, compared to its average volume of 5,680. Moringa Acquisition has a 52 week low of $0.02 and a 52 week high of $0.39. The business's 50-day moving average price is $0.10 and its two-hundred day moving average price is $0.08.
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