Four Leaf Acquisition Co. (NASDAQ:FORL) Sees Significant Growth in Short Interest

Four Leaf Acquisition Co. (NASDAQ:FORL) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 1,800 shares, an increase of 28.6% from the May 15th total of 1,400 shares. Based on an average daily volume of 23,900 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Four Leaf Acquisition

Institutional investors have recently bought and sold shares of the stock. Shaolin Capital Management LLC increased its stake in Four Leaf Acquisition by 200.0% in the 3rd quarter. Shaolin Capital Management LLC now owns 147,000 shares of the company’s stock worth $1,541,000 after purchasing an additional 294,000 shares during the period. Bulldog Investors LLP increased its stake in shares of Four Leaf Acquisition by 296.5% in the fourth quarter. Bulldog Investors LLP now owns 229,265 shares of the company’s stock worth $2,411,000 after buying an additional 171,448 shares during the period. Karpus Management Inc. raised its holdings in Four Leaf Acquisition by 49.9% during the 4th quarter. Karpus Management Inc. now owns 261,400 shares of the company’s stock valued at $2,747,000 after buying an additional 86,988 shares during the last quarter. Wealthspring Capital LLC bought a new stake in Four Leaf Acquisition during the 1st quarter valued at $722,000. Finally, Schechter Investment Advisors LLC purchased a new stake in Four Leaf Acquisition during the 4th quarter valued at $595,000. 72.96% of the stock is currently owned by hedge funds and other institutional investors.

Four Leaf Acquisition Price Performance

NASDAQ FORL remained flat at $10.91 during trading on Friday. The firm’s fifty day moving average price is $10.86 and its two-hundred day moving average price is $10.69. Four Leaf Acquisition has a 12-month low of $10.20 and a 12-month high of $11.46.

Four Leaf Acquisition Company Profile

Four Leaf Acquisition Corporation does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to acquire the Internet of Things business.