Four Leaf Acquisition Co. (NASDAQ:FORL) Sees Large Drop in Short Interest

Four Leaf Acquisition Co. (NASDAQ:FORL) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 2,700 shares, a drop of 54.2% from the February 28th total of 5,900 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,500 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Toronto Dominion Bank purchased a new stake in Four Leaf Acquisition in the 4th quarter valued at $2,158,000. Virtu Financial LLC raised its holdings in shares of Four Leaf Acquisition by 47.7% in the fourth quarter. Virtu Financial LLC now owns 27,940 shares of the company’s stock valued at $310,000 after purchasing an additional 9,021 shares during the last quarter. Finally, Berkley W R Corp bought a new position in shares of Four Leaf Acquisition during the third quarter valued at about $1,456,000. Institutional investors own 72.96% of the company’s stock.

Four Leaf Acquisition Stock Performance

FORL remained flat at $11.30 during trading on Friday. Four Leaf Acquisition has a fifty-two week low of $10.69 and a fifty-two week high of $11.34. The firm’s fifty day simple moving average is $11.23 and its two-hundred day simple moving average is $11.11.

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.