Rigel Resource Acquisition Corp. (NYSE:RRAC – Get Rating) was the recipient of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 2,400 shares, a decrease of 25.0% from the January 31st total of 3,200 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 80,900 shares, the days-to-cover ratio is currently 0.0 days.
Rigel Resource Acquisition Stock Performance
Shares of NYSE RRAC remained flat at $10.43 during midday trading on Friday. The stock had a trading volume of 43 shares, compared to its average volume of 151,119. Rigel Resource Acquisition has a 12-month low of $9.89 and a 12-month high of $11.05. The business's 50-day moving average price is $10.34 and its 200 day moving average price is $10.20.
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Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Aristeia Capital LLC grew its stake in Rigel Resource Acquisition by 21.8% in the third quarter. Aristeia Capital LLC now owns 951,558 shares of the company's stock worth $9,601,000 after purchasing an additional 170,000 shares in the last quarter. Glazer Capital LLC grew its stake in Rigel Resource Acquisition by 60.9% in the fourth quarter. Glazer Capital LLC now owns 532,729 shares of the company's stock worth $5,482,000 after purchasing an additional 201,541 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in Rigel Resource Acquisition by 0.4% in the second quarter. Cubist Systematic Strategies LLC now owns 546,540 shares of the company's stock worth $5,433,000 after purchasing an additional 2,070 shares in the last quarter. First Trust Capital Management L.P. boosted its position in Rigel Resource Acquisition by 1,115.2% during the 4th quarter. First Trust Capital Management L.P. now owns 379,736 shares of the company's stock valued at $3,907,000 after acquiring an additional 348,486 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in Rigel Resource Acquisition by 50.0% during the 3rd quarter. Alliancebernstein L.P. now owns 75,000 shares of the company's stock valued at $508,000 after acquiring an additional 25,000 shares in the last quarter. Institutional investors own 85.17% of the company's stock.
About Rigel Resource Acquisition
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Rigel Resource Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
Further Reading
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