Kingswood Acquisition Corp. (NYSE:KWAC) Short Interest Update

Kingswood Acquisition Corp. (NYSE:KWACGet Rating) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 3,700 shares, a decrease of 26.0% from the May 15th total of 5,000 shares. Based on an average daily volume of 42,800 shares, the short-interest ratio is presently 0.1 days.

Institutional investors and hedge funds have recently modified their holdings of the business. OTA Financial Group L.P. acquired a new position in Kingswood Acquisition in the 4th quarter worth about $202,000. Logan Stone Capital LLC bought a new stake in shares of Kingswood Acquisition in the 4th quarter valued at about $220,000. Marshall Wace LLP bought a new stake in shares of Kingswood Acquisition in the 3rd quarter valued at about $718,000. Cantor Fitzgerald Investment Adviser L.P. bought a new stake in shares of Kingswood Acquisition in the 4th quarter valued at about $1,265,000. Finally, Hsbc Holdings PLC grew its position in shares of Kingswood Acquisition by 15.0% in the 1st quarter. Hsbc Holdings PLC now owns 168,022 shares of the company’s stock valued at $1,714,000 after buying an additional 21,900 shares during the last quarter. 70.74% of the stock is owned by institutional investors and hedge funds.

KWAC remained flat at $$10.32 on Friday. The company’s stock had a trading volume of 5,740 shares, compared to its average volume of 8,857. Kingswood Acquisition has a fifty-two week low of $9.77 and a fifty-two week high of $11.27. The firm’s fifty day moving average price is $10.27 and its 200-day moving average price is $10.20.

Kingswood Acquisition Company Profile (Get Rating)

Kingswood Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. It intends to identify a business in the wealth management, financial advisory, and investment management sectors in the United States and internationally.

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