Valuence Merger Corp. I (NASDAQ:VMCA) Sees Large Increase in Short Interest

Valuence Merger Corp. I (NASDAQ:VMCA – Get Rating) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 24,400 shares, a growth of 45.2% from the February 13th total of 16,800 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 75,100 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Valuence Merger Corp. I

A number of institutional investors have recently modified their holdings of the company. Shaolin Capital Management LLC grew its holdings in shares of Valuence Merger Corp. I by 8.2% during the 4th quarter. Shaolin Capital Management LLC now owns 919,764 shares of the company’s stock worth $9,501,000 after purchasing an additional 69,764 shares during the period. Glazer Capital LLC increased its stake in Valuence Merger Corp. I by 10.3% during the 4th quarter. Glazer Capital LLC now owns 327,000 shares of the company’s stock worth $3,384,000 after buying an additional 30,633 shares during the period. Aristeia Capital LLC increased its stake in Valuence Merger Corp. I by 147.9% during the 4th quarter. Aristeia Capital LLC now owns 195,554 shares of the company’s stock worth $2,020,000 after buying an additional 116,666 shares during the period. First Trust Capital Management L.P. bought a new stake in shares of Valuence Merger Corp. I in the 4th quarter worth about $689,000. Finally, Radcliffe Capital Management L.P. increased its position in shares of Valuence Merger Corp. I by 88.3% in the 4th quarter. Radcliffe Capital Management L.P. now owns 1,035,456 shares of the company’s stock worth $10,743,000 after purchasing an additional 485,456 shares during the last quarter. Hedge funds and other institutional investors own 67.39% of the company’s stock.

Valuence Merger Corp. I Trading Down 0.1 %

Shares of NASDAQ:VMCA opened at $10.50 on Friday. Valuence Merger Corp. I has a 1 year low of $9.97 and a 1 year high of $10.95. The stock has a 50-day simple moving average of $10.43 and a 200-day simple moving average of $10.30.

About Valuence Merger Corp. I

(Get Rating)

Valuence Merger Corp. I focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to identify, acquire, and operate a business in Asia with a focus on opportunities aligned with breakthrough technology in life sciences and sustainability technology themes.