Rosecliff Acquisition Corp I (NASDAQ:RCLF – Get Rating) saw a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 8,300 shares, a drop of 15.3% from the May 15th total of 9,800 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 71,700 shares, the days-to-cover ratio is currently 0.1 days.
Shares of RCLF stock opened at $9.78 on Friday. The business’s 50 day moving average is $9.79 and its two-hundred day moving average is $9.80. Rosecliff Acquisition Corp I has a twelve month low of $9.63 and a twelve month high of $9.92.
Institutional investors and hedge funds have recently bought and sold shares of the company. Angelo Gordon & CO. L.P. acquired a new stake in shares of Rosecliff Acquisition Corp I in the 4th quarter valued at approximately $2,943,000. Marshall Wace LLP raised its holdings in Rosecliff Acquisition Corp I by 9.9% during the fourth quarter. Marshall Wace LLP now owns 1,226,155 shares of the company’s stock worth $12,040,000 after purchasing an additional 110,000 shares during the last quarter. Bank of Montreal Can acquired a new position in Rosecliff Acquisition Corp I during the fourth quarter worth $4,246,000. CSS LLC IL acquired a new position in Rosecliff Acquisition Corp I during the fourth quarter worth $589,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. raised its holdings in Rosecliff Acquisition Corp I by 150.0% during the fourth quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 500,000 shares of the company’s stock worth $4,905,000 after purchasing an additional 300,000 shares during the last quarter. 69.02% of the stock is owned by institutional investors and hedge funds.
Rosecliff Acquisition Corp I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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