Kismet Acquisition Two Corp. (NASDAQ:KAII – Get Rating) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 7,000 shares, a decrease of 60.2% from the December 31st total of 17,600 shares. Based on an average trading volume of 104,400 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company's stock are short sold.
Institutional Trading of Kismet Acquisition Two
Several institutional investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. increased its stake in Kismet Acquisition Two by 36.4% during the first quarter. Nomura Holdings Inc. now owns 1,499,525 shares of the company's stock valued at $14,652,000 after purchasing an additional 400,000 shares during the last quarter. First Trust Capital Management L.P. increased its stake in Kismet Acquisition Two by 626.3% during the third quarter. First Trust Capital Management L.P. now owns 1,082,194 shares of the company's stock valued at $10,746,000 after purchasing an additional 933,190 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Kismet Acquisition Two by 10.4% during the first quarter. Hsbc Holdings PLC now owns 848,513 shares of the company's stock worth $8,298,000 after acquiring an additional 79,663 shares during the last quarter. Millennium Management LLC grew its position in shares of Kismet Acquisition Two by 3.7% during the second quarter. Millennium Management LLC now owns 819,814 shares of the company's stock worth $8,018,000 after acquiring an additional 28,882 shares during the last quarter. Finally, Saba Capital Management L.P. grew its position in shares of Kismet Acquisition Two by 132.8% during the first quarter. Saba Capital Management L.P. now owns 749,785 shares of the company's stock worth $7,340,000 after acquiring an additional 427,698 shares during the last quarter. Institutional investors own 68.52% of the company's stock.
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Kismet Acquisition Two Trading Up 0.1 %
KAII traded up $0.01 during trading on Thursday, hitting $10.16. The company had a trading volume of 102 shares, compared to its average volume of 188,293. Kismet Acquisition Two has a 1-year low of $9.68 and a 1-year high of $10.16. The business has a 50-day moving average of $10.06 and a 200-day moving average of $9.95.
Kismet Acquisition Two Company Profile
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Kismet Acquisition Two Corp. does not have significant operations. The company intends to acquire, engage in a share exchange, share reconstruction and amalgamation, contractual control arrangement with, purchase all or substantially various assets of, or engage in any other similar initial business combination with one or more businesses or entities.
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