Short Interest in Valuence Merger Corp. I (NASDAQ:VMCA) Declines By 92.9%

Valuence Merger Corp. I (NASDAQ:VMCA) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 700 shares, a decline of 92.9% from the May 31st total of 9,900 shares. Based on an average daily trading volume, of 22,600 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Valuence Merger Corp. I

A number of hedge funds have recently made changes to their positions in VMCA. Virtu Financial LLC bought a new stake in shares of Valuence Merger Corp. I in the first quarter valued at approximately $357,000. K2 Principal Fund L.P. purchased a new position in shares of Valuence Merger Corp. I during the 1st quarter valued at about $1,670,000. Spartan Fund Management Inc. grew its position in Valuence Merger Corp. I by 41.1% during the first quarter. Spartan Fund Management Inc. now owns 163,039 shares of the company’s stock valued at $1,852,000 after acquiring an additional 47,518 shares during the last quarter. Berkley W R Corp purchased a new stake in shares of Valuence Merger Corp. I in the 1st quarter valued at $3,393,000. Finally, Wolverine Asset Management LLC lifted its stake in Valuence Merger Corp. I by 67.5% in the fourth quarter. Wolverine Asset Management LLC now owns 373,515 shares of the company’s stock worth $4,180,000 after purchasing an additional 150,474 shares during the last quarter. 52.21% of the stock is currently owned by institutional investors.

Valuence Merger Corp. I Stock Down 0.5 %

Shares of Valuence Merger Corp. I stock traded down $0.06 during trading hours on Friday, reaching $11.40. The company’s stock had a trading volume of 13,200 shares, compared to its average volume of 47,744. Valuence Merger Corp. I has a one year low of $10.71 and a one year high of $11.85. The stock’s fifty day simple moving average is $11.45 and its two-hundred day simple moving average is $11.34.

Valuence Merger Corp. I (NASDAQ:VMCA) last announced its earnings results on Thursday, March 28th. The company reported $0.09 EPS for the quarter.

About Valuence Merger Corp. I

Valuence Merger Corp. I does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to identify a business in Asia that is developing breakthrough technology in life sciences and/or advancing a platform for sustainable technology.