Coliseum Acquisition Corp. (NASDAQ:MITA) Short Interest Update

Coliseum Acquisition Corp. (NASDAQ:MITA) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 700 shares, a drop of 41.7% from the March 31st total of 1,200 shares. Based on an average trading volume of 1,700 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of Coliseum Acquisition

A number of hedge funds have recently added to or reduced their stakes in the stock. Robinson Capital Management LLC purchased a new position in shares of Coliseum Acquisition during the 4th quarter worth approximately $390,000. BCK Capital Management LP purchased a new position in shares of Coliseum Acquisition during the 3rd quarter worth approximately $593,000. Spartan Fund Management Inc. purchased a new position in shares of Coliseum Acquisition during the 3rd quarter worth approximately $1,596,000. Cowen AND Company LLC raised its stake in shares of Coliseum Acquisition by 536.1% during the 3rd quarter. Cowen AND Company LLC now owns 190,828 shares of the company’s stock worth $2,030,000 after buying an additional 160,828 shares in the last quarter. Finally, Periscope Capital Inc. raised its stake in shares of Coliseum Acquisition by 14.3% during the 3rd quarter. Periscope Capital Inc. now owns 200,044 shares of the company’s stock worth $2,128,000 after buying an additional 25,044 shares in the last quarter. 25.79% of the stock is owned by institutional investors and hedge funds.

Coliseum Acquisition Stock Performance

Coliseum Acquisition stock remained flat at $10.82 during mid-day trading on Friday. The company’s stock had a trading volume of 76 shares, compared to its average volume of 929. Coliseum Acquisition has a 52 week low of $10.26 and a 52 week high of $11.81. The stock has a fifty day moving average price of $10.80 and a 200-day moving average price of $10.73.

About Coliseum Acquisition

Coliseum Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Coliseum Acquisition Corp. was incorporated in 2021 and is based in New York, New York.