Independence Holdings Corp. (NASDAQ:ACQR) Short Interest Up 8.4% in February

Independence Holdings Corp. (NASDAQ:ACQR – Get Rating) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 35,000 shares, an increase of 8.4% from the February 13th total of 32,300 shares. Based on an average daily volume of 485,600 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Independence Stock Performance

NASDAQ:ACQR opened at $10.19 on Wednesday. The stock’s 50-day moving average is $10.16 and its 200-day moving average is $10.04. Independence has a 1-year low of $9.73 and a 1-year high of $10.82.

Institutional Trading of Independence

Several institutional investors have recently added to or reduced their stakes in ACQR. Penserra Capital Management LLC acquired a new position in shares of Independence during the first quarter worth approximately $38,000. Bank of America Corp DE bought a new position in Independence in the 1st quarter valued at $47,000. Elequin Securities LLC bought a new position in shares of Independence during the 4th quarter worth $75,000. Citigroup Inc. bought a new position in shares of Independence during the 1st quarter worth $119,000. Finally, PenderFund Capital Management Ltd. boosted its stake in Independence by 24.2% in the 4th quarter. PenderFund Capital Management Ltd. now owns 8,816 shares of the company’s stock worth $120,000 after purchasing an additional 1,720 shares during the period. 80.28% of the stock is currently owned by institutional investors.

Independence Company Profile

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Independence Holdings Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in New York, New York.