Renatus Tactical Acquisition Corp I (NASDAQ:RTACU) Short Interest Up 3,692.5% in June

Renatus Tactical Acquisition Corp I (NASDAQ:RTACU) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,517 shares, an increase of 3,692.5% from the June 15th total of 40 shares. Based on an average daily trading volume, of 3,517 shares, the short-interest ratio is currently 0.4 days.

Renatus Tactical Acquisition Corp I Stock Performance

Shares of NASDAQ:RTACU traded up $0.11 during midday trading on Friday, hitting $11.02. 3,266 shares of the stock traded hands, compared to its average volume of 9,123. Renatus Tactical Acquisition Corp I has a one year low of $10.40 and a one year high of $14.25. The business’s 50 day moving average is $10.79 and its two-hundred day moving average is $10.84.

Institutional Trading of Renatus Tactical Acquisition Corp I

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. DLD Asset Management LP bought a new position in Renatus Tactical Acquisition Corp I during the 1st quarter valued at approximately $524,000. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Renatus Tactical Acquisition Corp I by 131.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 73,034 shares of the company’s stock worth $766,000 after acquiring an additional 41,492 shares during the last quarter. Clear Street Group Inc. increased its holdings in shares of Renatus Tactical Acquisition Corp I by 351.2% during the fourth quarter. Clear Street Group Inc. now owns 145,882 shares of the company’s stock valued at $1,616,000 after acquiring an additional 113,547 shares in the last quarter. T3 Companies LLC bought a new position in shares of Renatus Tactical Acquisition Corp I during the fourth quarter valued at $114,000. Finally, Scoggin Management LP purchased a new position in shares of Renatus Tactical Acquisition Corp I in the 2nd quarter worth about $955,000.

Renatus Tactical Acquisition Corp I Company Profile

Renatus Tactical Acquisition Corp I is a special purpose acquisition company (SPAC) organized to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. Incorporated in Delaware, the company carries no ongoing operations of its own but is formed to identify and consummate a transaction with one or more businesses.

In March 2021, Renatus Tactical Acquisition Corp I completed its initial public offering of units, each consisting of one share of common stock and a fraction of a warrant, and began trading on the Nasdaq under the ticker symbol RTACU.