Northern Genesis Acquisition Corp. III (NYSE:NGC – Get Rating) saw a significant decrease in short interest in July. As of July 15th, there was short interest totalling 900 shares, a decrease of 83.6% from the June 30th total of 5,500 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 6,500 shares, the days-to-cover ratio is currently 0.1 days.

Northern Genesis Acquisition Corp. III Price Performance

Shares of NYSE NGC remained flat at $9.80 during mid-day trading on Thursday. 219 shares of the stock were exchanged, compared to its average volume of 9,450. The business has a 50-day simple moving average of $9.78 and a two-hundred day simple moving average of $9.75. Northern Genesis Acquisition Corp. III has a 1-year low of $9.51 and a 1-year high of $9.95.

Hedge Funds Weigh In On Northern Genesis Acquisition Corp. III

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC lifted its holdings in shares of Northern Genesis Acquisition Corp. III by 2.3% during the first quarter. Hsbc Holdings PLC now owns 829,823 shares of the company's stock valued at $8,124,000 after acquiring an additional 18,607 shares during the period. Eisler Capital UK Ltd. increased its position in Northern Genesis Acquisition Corp. III by 338.9% in the fourth quarter. Eisler Capital UK Ltd. now owns 287,232 shares of the company's stock worth $2,795,000 after purchasing an additional 221,794 shares during the period. Finally, Basso Capital Management L.P. acquired a new stake in Northern Genesis Acquisition Corp. III in the first quarter worth about $100,000. Institutional investors and hedge funds own 60.58% of the company's stock.

Northern Genesis Acquisition Corp. III Company Profile

Northern Genesis Acquisition Corp. III does not have significant operations. It focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Kansas City, Missouri.

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