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Coliseum Acquisition Corp. (NASDAQ:MITA) Sees Significant Growth in Short Interest

Financial News Live ·  Jul 18, 2022 18:41

Coliseum Acquisition Corp. (NASDAQ:MITA – Get Rating) saw a large increase in short interest in June. As of June 30th, there was short interest totalling 10,700 shares, an increase of 44.6% from the June 15th total of 7,400 shares. Approximately 0.1% of the company's shares are short sold. Based on an average daily volume of 29,900 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Apollo Management Holdings L.P. increased its position in Coliseum Acquisition by 50.0% during the 4th quarter. Apollo Management Holdings L.P. now owns 1,485,000 shares of the company's stock worth $14,434,000 after purchasing an additional 495,000 shares in the last quarter. Cantor Fitzgerald L. P. acquired a new stake in Coliseum Acquisition during the 1st quarter worth approximately $970,000. Basso Capital Management L.P. increased its position in Coliseum Acquisition by 33.4% during the 1st quarter. Basso Capital Management L.P. now owns 199,750 shares of the company's stock worth $1,938,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Exos Asset Management LLC acquired a new stake in Coliseum Acquisition during the 4th quarter worth approximately $389,000. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

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Coliseum Acquisition Trading Down 0.2 %

Shares of MITA stock opened at $9.73 on Monday. Coliseum Acquisition has a 1-year low of $9.50 and a 1-year high of $10.30. The firm's 50-day simple moving average is $9.72 and its 200-day simple moving average is $9.71.

Coliseum Acquisition Company Profile

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Coliseum Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.

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