Coliseum Acquisition Corp. (NASDAQ:MITA – Get Rating) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 7,600 shares, a drop of 29.0% from the June 30th total of 10,700 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 29,200 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Trading of Coliseum Acquisition
Hedge funds have recently added to or reduced their stakes in the business. Exos Asset Management LLC acquired a new position in Coliseum Acquisition during the 4th quarter worth approximately $389,000. Cantor Fitzgerald L. P. acquired a new position in Coliseum Acquisition during the 1st quarter worth approximately $970,000. Basso Capital Management L.P. lifted 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 acquiring an additional 50,000 shares in the last quarter. Finally, Apollo Management Holdings L.P. lifted 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 acquiring an additional 495,000 shares in the last quarter. 58.98% of the stock is owned by institutional investors and hedge funds.
Get Coliseum Acquisition alerts:Coliseum Acquisition Trading Up 0.1 %
Shares of MITA stock traded up $0.01 during mid-day trading on Tuesday, reaching $9.77. The stock had a trading volume of 2,016 shares, compared to its average volume of 4,603. The business has a 50-day simple moving average of $9.73 and a 200 day simple moving average of $9.71. Coliseum Acquisition has a 12-month low of $9.50 and a 12-month high of $10.30.
Coliseum Acquisition Company Profile
(Get Rating)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.
Further Reading
- Get a free copy of the StockNews.com research report on Coliseum Acquisition (MITA)
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