Newbridge Acquisition Ltd (NASDAQ:NBRGU) Short Interest Update

Newbridge Acquisition Ltd (NASDAQ:NBRGU) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 165 shares, an increase of ∞ from the August 15th total of 0 shares. Based on an average trading volume of 1,327 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Newbridge Acquisition stock. Rivernorth Capital Management LLC acquired a new position in shares of Newbridge Acquisition Ltd (NASDAQ:NBRGU) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 325,000 shares of the company’s stock, valued at approximately $3,260,000.

Newbridge Acquisition Price Performance

Shares of NBRGU remained flat at $10.23 during trading hours on Tuesday. The firm’s 50-day simple moving average is $10.20 and its 200-day simple moving average is $10.13. Newbridge Acquisition has a twelve month low of $9.93 and a twelve month high of $11.04.

About Newbridge Acquisition

Newbridge Acquisition (NASDAQ: NBRGU) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to raise capital through an initial public offering with the objective of effecting a merger, share exchange, asset acquisition or similar business combination. As a SPAC, its principal business activity is to identify and complete an acquisition that will allow a private operating company to become publicly listed through a business combination rather than a traditional IPO process.

The company’s securities trade as units on the Nasdaq under the ticker NBRGU, representing the SPAC vehicle prior to any separation of underlying securities or consummation of a business combination.