Avanti Acquisition Corp. (NYSE:AVAN) Short Interest Update

Avanti Acquisition Corp. (NYSE:AVAN) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 46,100 shares, a decrease of 32.3% from the August 15th total of 68,100 shares. Based on an average daily volume of 113,200 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

A number of hedge funds have recently modified their holdings of AVAN. Russell Investments Group Ltd. purchased a new stake in Avanti Acquisition in the first quarter worth $616,000. Privium Fund Management UK Ltd purchased a new stake in Avanti Acquisition in the first quarter worth $195,000. JPMorgan Chase & Co. grew its stake in shares of Avanti Acquisition by 150.0% in the first quarter. JPMorgan Chase & Co. now owns 500,000 shares of the company’s stock worth $4,885,000 after acquiring an additional 300,000 shares during the last quarter. Penserra Capital Management LLC grew its stake in shares of Avanti Acquisition by 53.3% in the first quarter. Penserra Capital Management LLC now owns 31,093 shares of the company’s stock worth $303,000 after acquiring an additional 10,805 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Avanti Acquisition in the first quarter worth $466,000. 55.84% of the stock is currently owned by institutional investors.

AVAN stock traded down $0.02 during midday trading on Tuesday, hitting $9.75. The stock had a trading volume of 108,704 shares, compared to its average volume of 335,410. The business has a 50-day moving average of $9.74 and a two-hundred day moving average of $9.81. Avanti Acquisition has a 52-week low of $9.54 and a 52-week high of $11.40.

About Avanti Acquisition

Avanti Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Grand Cayman, the Cayman Islands.

Featured Article: What factors cause inflation to rise?

Receive News & Ratings for Avanti Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avanti Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.