Four Leaf Acquisition Co. (NASDAQ:FORL – Get Free Report) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 900 shares, an increase of 28.6% from the July 15th total of 700 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 23,400 shares, the days-to-cover ratio is currently 0.0 days.
Insiders Place Their Bets
In related news, major shareholder Aqr Capital Management Holding sold 75,000 shares of Four Leaf Acquisition stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $10.98, for a total value of $823,500.00. Following the completion of the sale, the insider now owns 60 shares of the company’s stock, valued at $658.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 19.80% of the company’s stock.
Institutional Investors Weigh In On Four Leaf Acquisition
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bulldog Investors LLP lifted its position in Four Leaf Acquisition by 296.5% during the fourth quarter. Bulldog Investors LLP now owns 229,265 shares of the company’s stock valued at $2,411,000 after buying an additional 171,448 shares in the last quarter. K2 Principal Fund L.P. acquired a new stake in Four Leaf Acquisition in the 2nd quarter valued at about $1,587,000. Wolverine Asset Management LLC raised its holdings in Four Leaf Acquisition by 82.8% during the 2nd quarter. Wolverine Asset Management LLC now owns 230,922 shares of the company’s stock worth $2,522,000 after buying an additional 104,619 shares during the period. Karpus Management Inc. increased its holdings in shares of Four Leaf Acquisition by 49.9% in the 4th quarter. Karpus Management Inc. now owns 261,400 shares of the company’s stock valued at $2,747,000 after purchasing an additional 86,988 shares during the period. Finally, Wealthspring Capital LLC acquired a new position in Four Leaf Acquisition in the first quarter worth approximately $722,000. 72.96% of the stock is owned by hedge funds and other institutional investors.
Four Leaf Acquisition Stock Performance
About Four Leaf Acquisition
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.
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