TCV Acquisition Corp. (NASDAQ:TCVA) Sees Large Drop in Short Interest

Posted by on Mar 12th, 2022

TCV Acquisition Corp. (NASDAQ:TCVA – Get Rating) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 1,200 shares, a drop of 47.8% from the February 13th total of 2,300 shares. Based on an average trading volume of 102,100 shares, the short-interest ratio is currently 0.0 days.

A number of institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in TCV Acquisition in the 4th quarter valued at about $124,000. Q Global Advisors LLC bought a new stake in TCV Acquisition in the 4th quarter valued at about $5,711,000. Penserra Capital Management LLC bought a new stake in TCV Acquisition in the 4th quarter valued at about $35,000. Kawa Capital Management Inc bought a new stake in TCV Acquisition in the 4th quarter valued at about $1,717,000. Finally, Marshall Wace LLP increased its position in TCV Acquisition by 245.0% in the 4th quarter. Marshall Wace LLP now owns 690,000 shares of the company’s stock valued at $6,804,000 after buying an additional 490,000 shares in the last quarter. 67.89% of the stock is owned by institutional investors and hedge funds.

TCVA stock opened at $9.70 on Friday. TCV Acquisition has a 1-year low of $9.65 and a 1-year high of $10.80. The stock has a 50-day moving average price of $9.72 and a 200-day moving average price of $9.80.

TCV Acquisition Company Profile (Get Rating)

TCV Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Menlo Park, California.

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