Aura FAT Projects Acquisition Corp (NASDAQ:AFAR) Short Interest Up 57.6% in July

Aura FAT Projects Acquisition Corp (NASDAQ:AFAR) saw a significant increase in short interest in July. As of July 31st, there was short interest totalling 5,200 shares, an increase of 57.6% from the July 15th total of 3,300 shares. Based on an average daily trading volume, of 12,900 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of Aura FAT Projects Acquisition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Shaolin Capital Management LLC increased its position in Aura FAT Projects Acquisition by 150.0% in the first quarter. Shaolin Capital Management LLC now owns 250,000 shares of the company’s stock worth $2,768,000 after purchasing an additional 150,000 shares during the period. Berkley W R Corp grew its position in shares of Aura FAT Projects Acquisition by 13.1% during the 2nd quarter. Berkley W R Corp now owns 219,547 shares of the company’s stock worth $2,492,000 after buying an additional 25,380 shares during the period. Mizuho Securities USA LLC grew its position in shares of Aura FAT Projects Acquisition by 3.3% during the 4th quarter. Mizuho Securities USA LLC now owns 201,700 shares of the company’s stock worth $2,168,000 after buying an additional 6,478 shares during the period. Wolverine Asset Management LLC grew its position in shares of Aura FAT Projects Acquisition by 16.3% during the 4th quarter. Wolverine Asset Management LLC now owns 152,680 shares of the company’s stock worth $1,660,000 after buying an additional 21,385 shares during the period. Finally, Quarry LP acquired a new position in shares of Aura FAT Projects Acquisition during the 4th quarter worth about $1,359,000. 53.28% of the stock is currently owned by institutional investors and hedge funds.

Aura FAT Projects Acquisition Price Performance

AFAR stock remained flat at $11.68 during midday trading on Friday. The stock’s 50 day simple moving average is $11.52 and its 200-day simple moving average is $11.27. Aura FAT Projects Acquisition has a 12-month low of $10.63 and a 12-month high of $13.70.

Aura FAT Projects Acquisition Company Profile

Aura FAT Projects Acquisition Corp does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It focuses on acquiring technology companies with Web 3.0, blockchain, cryptocurrency, digital ledger, e-gaming, and other new financial technology and services applications in Southeast Asia, Australia, and New Zealand.