Short Interest in Four Leaf Acquisition Co. (NASDAQ:FORL) Increases By 28.6%

Four Leaf Acquisition Co. (NASDAQ:FORL) 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

Four Leaf Acquisition stock remained flat at $11.00 during midday trading on Friday. 130 shares of the company were exchanged, compared to its average volume of 26,625. The business has a 50-day moving average of $10.95 and a two-hundred day moving average of $10.82. Four Leaf Acquisition has a 1 year low of $10.37 and a 1 year high of $11.46.

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.