Moringa Acquisition Corp (NASDAQ:MACAW) Sees Large Decrease in Short Interest

Moringa Acquisition Corp (NASDAQ:MACAWGet Rating) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 11,600 shares, a decline of 10.8% from the October 15th total of 13,000 shares. Based on an average trading volume of 3,700 shares, the short-interest ratio is currently 3.1 days.

Institutional Trading of Moringa Acquisition

Hedge funds have recently made changes to their positions in the business. Periscope Capital Inc. boosted its stake in Moringa Acquisition by 84.4% in the third quarter. Periscope Capital Inc. now owns 350,004 shares of the company’s stock valued at $26,000 after acquiring an additional 160,204 shares in the last quarter. Aristeia Capital LLC acquired a new stake in Moringa Acquisition during the first quarter valued at $53,000. Finally, Spartan Fund Management Inc. acquired a new stake in shares of Moringa Acquisition in the first quarter valued at about $34,000.

Moringa Acquisition Stock Up 2.9 %

Shares of MACAW stock opened at $0.05 on Thursday. The company’s fifty day simple moving average is $0.06. Moringa Acquisition has a 1 year low of $0.02 and a 1 year high of $0.64.

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