Highview Merger Corp. (NASDAQ:HVMC) Short Interest Update

Highview Merger Corp. (NASDAQ:HVMC) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 4,119 shares, a drop of 64.8% from the July 15th total of 11,704 shares. Based on an average daily volume of 161,159 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Mint Tower Capital Management B.V. bought a new position in shares of Highview Merger during the 4th quarter worth $250,000. Boothbay Fund Management LLC bought a new stake in Highview Merger in the 4th quarter valued at about $250,000. Virtu Financial LLC purchased a new stake in Highview Merger during the fourth quarter valued at about $252,000. Meteora Capital LLC bought a new position in Highview Merger during the fourth quarter worth about $1,000,000. Finally, DLD Asset Management LP bought a new position in Highview Merger during the fourth quarter worth about $1,003,000.

Highview Merger Stock Up 0.7%

Shares of HVMC stock traded up $0.07 during trading hours on Friday, hitting $10.29. 10 shares of the company were exchanged, compared to its average volume of 65,270. The company’s fifty day moving average price is $10.20. Highview Merger has a 52-week low of $9.93 and a 52-week high of $10.22.

Highview Merger (NASDAQ:HVMC) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.06 EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Highview Merger from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

About Highview Merger

We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.