Moringa Acquisition Corp (OTCMKTS:MACAU – Get Rating) shot up 0.5% on Friday . The company traded as high as $10.33 and last traded at $10.32. 29,011 shares were traded during mid-day trading, an increase of 417% from the average session volume of 5,611 shares. The stock had previously closed at $10.26.
Moringa Acquisition Stock Up 0.5 %
The firm has a fifty day simple moving average of $10.21 and a two-hundred day simple moving average of $10.08.
Institutional Investors Weigh In On Moringa Acquisition
A number of institutional investors and hedge funds have recently bought and sold shares of MACAU. Cubist Systematic Strategies LLC purchased a new position in Moringa Acquisition in the 3rd quarter worth approximately $194,000. Crystalline Management Inc. purchased a new stake in shares of Moringa Acquisition during the 4th quarter valued at $257,000. Finally, Jane Street Group LLC lifted its holdings in shares of Moringa Acquisition by 4.6% during the 3rd quarter. Jane Street Group LLC now owns 157,099 shares of the company’s stock worth $1,562,000 after acquiring an additional 6,916 shares during the last quarter.
Moringa Acquisition Company Profile
Moringa Acquisition Corp does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. It focuses on pursuing opportunities in technology-based businesses or industries in Israel.
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