Edify Acquisition Corp. (NASDAQ:EAC – Get Rating) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 7,700 shares, a growth of 5.5% from the November 15th total of 7,300 shares. Based on an average trading volume of 89,300 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Edify Acquisition Price Performance

NASDAQ EAC traded down $0.03 on Friday, hitting $10.04. 3,735 shares of the company traded hands, compared to its average volume of 72,165. The business's 50 day moving average price is $9.98 and its 200-day moving average price is $9.90. Edify Acquisition has a 52-week low of $9.69 and a 52-week high of $10.08.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EAC. BNP Paribas Arbitrage SNC purchased a new stake in Edify Acquisition in the 3rd quarter worth $7,862,000. Cubist Systematic Strategies LLC bought a new stake in Edify Acquisition during the 2nd quarter valued at approximately $4,562,000. Glazer Capital LLC lifted its holdings in Edify Acquisition by 196.8% in the 1st quarter. Glazer Capital LLC now owns 671,117 shares of the company's stock worth $6,577,000 after purchasing an additional 445,031 shares in the last quarter. Saba Capital Management L.P. lifted its holdings in Edify Acquisition by 33.9% in the 3rd quarter. Saba Capital Management L.P. now owns 1,314,326 shares of the company's stock worth $12,999,000 after purchasing an additional 333,000 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in Edify Acquisition by 30.9% during the 3rd quarter. Marshall Wace LLP now owns 987,043 shares of the company's stock valued at $9,762,000 after buying an additional 233,182 shares in the last quarter. 69.34% of the stock is currently owned by institutional investors.

About Edify Acquisition

Edify Acquisition Corp. 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 New York, New York.

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