Short Interest in 26 Capital Acquisition Corp. (NASDAQ:ADER) Drops By 11.4%

26 Capital Acquisition Corp. (NASDAQ:ADERGet Rating) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 10,100 shares, a decrease of 11.4% from the October 15th total of 11,400 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 96,400 shares, the days-to-cover ratio is presently 0.1 days.

26 Capital Acquisition Price Performance

Shares of ADER opened at $9.98 on Tuesday. The firm has a 50-day moving average of $9.90 and a 200-day moving average of $9.88. 26 Capital Acquisition has a one year low of $9.76 and a one year high of $10.01.

Hedge Funds Weigh In On 26 Capital Acquisition

A number of hedge funds and other institutional investors have recently bought and sold shares of ADER. Taconic Capital Advisors LP raised its stake in 26 Capital Acquisition by 150.0% in the first quarter. Taconic Capital Advisors LP now owns 1,750,155 shares of the company’s stock valued at $17,292,000 after buying an additional 1,050,155 shares during the period. RPO LLC lifted its holdings in 26 Capital Acquisition by 2.8% during the 3rd quarter. RPO LLC now owns 1,350,873 shares of the company’s stock valued at $13,334,000 after purchasing an additional 36,591 shares during the last quarter. Omni Event Management Ltd boosted its position in 26 Capital Acquisition by 190.3% during the first quarter. Omni Event Management Ltd now owns 1,039,089 shares of the company’s stock worth $10,266,000 after purchasing an additional 681,149 shares during the period. Bank of America Corp DE increased its holdings in shares of 26 Capital Acquisition by 18.2% in the first quarter. Bank of America Corp DE now owns 820,766 shares of the company’s stock valued at $8,110,000 after purchasing an additional 126,400 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in shares of 26 Capital Acquisition in the first quarter valued at about $5,209,000. Institutional investors own 78.57% of the company’s stock.

About 26 Capital Acquisition

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26 Capital Acquisition Corp. does not have significant operations. It focuses on effecting 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 Miami, Florida.

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