RMG Acquisition Corp. III (NASDAQ:RMGC – Get Rating) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 17,700 shares, a growth of 365.8% from the January 31st total of 3,800 shares. Based on an average daily volume of 197,400 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.
RMG Acquisition Corp. III Price Performance
Shares of NASDAQ RMGC remained flat at $10.01 during midday trading on Wednesday. The company had a trading volume of 5 shares, compared to its average volume of 4,770. RMG Acquisition Corp. III has a 52-week low of $9.75 and a 52-week high of $10.10. The company's 50-day moving average is $10.04 and its two-hundred day moving average is $9.99.
Get RMG Acquisition Corp. III alerts:Institutional Investors Weigh In On RMG Acquisition Corp. III
A number of institutional investors have recently added to or reduced their stakes in RMGC. Meteora Capital LLC boosted its holdings in RMG Acquisition Corp. III by 47,408.5% in the 4th quarter. Meteora Capital LLC now owns 5,415,017 shares of the company's stock valued at $54,610,000 after purchasing an additional 5,403,619 shares in the last quarter. Glazer Capital LLC boosted its holdings in RMG Acquisition Corp. III by 257.2% in the 3rd quarter. Glazer Capital LLC now owns 3,458,317 shares of the company's stock valued at $34,376,000 after purchasing an additional 2,490,223 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in RMG Acquisition Corp. III by 1,155.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,510,000 shares of the company's stock valued at $25,351,000 after purchasing an additional 2,310,000 shares in the last quarter. Boothbay Fund Management LLC boosted its holdings in RMG Acquisition Corp. III by 2,489.2% in the 4th quarter. Boothbay Fund Management LLC now owns 2,028,982 shares of the company's stock valued at $20,462,000 after purchasing an additional 1,950,618 shares in the last quarter. Finally, Mizuho Markets Americas LLC acquired a new stake in shares of RMG Acquisition Corp. III during the 3rd quarter valued at approximately $17,256,000. Hedge funds and other institutional investors own 78.26% of the company's stock.
RMG Acquisition Corp. III Company Profile
(Get Rating)
RMG Acquisition Corp. III does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Miami Beach, Florida.
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