Short Interest in Battery Future Acquisition Corp. (NYSE:BFAC) Expands By 300.0%

Battery Future Acquisition Corp. (NYSE:BFAC) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 400 shares, a growth of 300.0% from the June 15th total of 100 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 87,600 shares, the short-interest ratio is presently 0.0 days.

Battery Future Acquisition Price Performance

Shares of BFAC traded up $0.01 during trading hours on Friday, reaching $11.08. The stock had a trading volume of 202 shares, compared to its average volume of 60,837. The firm has a 50-day simple moving average of $11.06 and a 200 day simple moving average of $11.00. Battery Future Acquisition has a 12 month low of $9.60 and a 12 month high of $11.55.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Karpus Management Inc. grew its position in Battery Future Acquisition by 77.5% during the first quarter. Karpus Management Inc. now owns 40,085 shares of the company’s stock valued at $441,000 after buying an additional 17,500 shares during the period. Deltec Asset Management LLC purchased a new position in Battery Future Acquisition in the fourth quarter valued at approximately $542,000. Robinson Capital Management LLC bought a new position in Battery Future Acquisition during the fourth quarter valued at $753,000. Quarry LP purchased a new stake in Battery Future Acquisition in the fourth quarter worth $1,131,000. Finally, Berkley W R Corp purchased a new position in shares of Battery Future Acquisition during the 1st quarter valued at $1,669,000. Hedge funds and other institutional investors own 74.70% of the company’s stock.

Battery Future Acquisition Company Profile

Battery Future Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to target assets or companies along the battery value chain.