Avanti Acquisition Corp. (NYSE:AVAN – Get Rating) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 127,500 shares, an increase of 38.1% from the June 30th total of 92,300 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 167,200 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Avanti Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd boosted its position in Avanti Acquisition by 59.0% during the fourth quarter. Qube Research & Technologies Ltd now owns 81,381 shares of the company's stock worth $799,000 after purchasing an additional 30,184 shares during the period. Kawa Capital Management Inc bought a new position in Avanti Acquisition during the fourth quarter worth about $241,000. Aequim Alternative Investments LP purchased a new stake in shares of Avanti Acquisition in the fourth quarter worth about $982,000. Private Capital Management LLC purchased a new stake in shares of Avanti Acquisition in the first quarter worth about $197,000. Finally, Spartan Fund Management Inc. purchased a new stake in shares of Avanti Acquisition in the first quarter worth about $653,000. Institutional investors own 59.44% of the company's stock.

Avanti Acquisition Price Performance

NYSE:AVAN traded down $0.01 on Tuesday, reaching $9.95. 395,738 shares of the company's stock were exchanged, compared to its average volume of 47,386. Avanti Acquisition has a 52 week low of $9.68 and a 52 week high of $9.97. The stock has a fifty day simple moving average of $9.92 and a 200-day simple moving average of $9.88.

Avanti Acquisition Company Profile

Avanti Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It seeks to identify and acquire one or more businesses across various industries in Europe with the United States nexus and international reach.

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