Short Interest in Willow Lane Acquisition Corp. – Class A Ordinary Shares (NASDAQ:WLAC) Rises By 107.7%

Willow Lane Acquisition Corp. – Class A Ordinary Shares (NASDAQ:WLAC) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 48,300 shares, an increase of 107.7% from the December 15th total of 23,250 shares. Based on an average trading volume of 227,917 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 227,917 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

WLAC has been the topic of several analyst reports. DA Davidson boosted their price target on shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Canaccord Genuity Group upped their price objective on shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares from $15.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Willow Lane Acquisition Corp. – Class A Ordinary Shares Price Performance

WLAC opened at $12.60 on Friday. The stock’s fifty day moving average is $12.13 and its 200-day moving average is $11.52. Willow Lane Acquisition Corp. – Class A Ordinary Shares has a one year low of $9.90 and a one year high of $15.19.

Willow Lane Acquisition Corp. – Class A Ordinary Shares (NASDAQ:WLAC) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Willow Lane Acquisition Corp. – Class A Ordinary Shares

A number of hedge funds and other institutional investors have recently modified their holdings of WLAC. Clear Street Group Inc. acquired a new position in Willow Lane Acquisition Corp. – Class A Ordinary Shares in the 3rd quarter worth approximately $85,000. Clear Street LLC increased its position in Willow Lane Acquisition Corp. – Class A Ordinary Shares by 108.0% during the second quarter. Clear Street LLC now owns 10,405 shares of the company’s stock worth $106,000 after buying an additional 5,403 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares during the 3rd quarter valued at about $172,000. Radcliffe Capital Management L.P. bought a new position in shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares in the second quarter valued at approximately $294,000. Finally, Virtu Financial LLC raised its holdings in Willow Lane Acquisition Corp. – Class A Ordinary Shares by 97.6% in the 3rd quarter. Virtu Financial LLC now owns 44,907 shares of the company’s stock worth $520,000 after acquiring an additional 22,176 shares during the period.

Willow Lane Acquisition Corp. – Class A Ordinary Shares Company Profile

Willow Lane Acquisition Corp. is a special purpose acquisition company incorporated in Delaware and listed on the Nasdaq under the ticker WLAC. As a blank check vehicle, the company does not conduct operations of its own but instead seeks to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.

The company was sponsored by Willow Lane Capital Partners, an investment firm with a focus on private equity and corporate development.