Short Interest in Forum Merger IV Co. (NASDAQ:FMIV) Increases By 2,040.0%

Forum Merger IV Co. (NASDAQ:FMIV – Get Rating) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 10,700 shares, an increase of 2,040.0% from the April 30th total of 500 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 76,400 shares, the short-interest ratio is currently 0.1 days.

Forum Merger IV Price Performance

NASDAQ FMIV opened at $10.25 on Friday. The company has a fifty day simple moving average of $10.19 and a two-hundred day simple moving average of $10.10. Forum Merger IV has a 12-month low of $9.75 and a 12-month high of $10.84.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. UBS Group AG raised its holdings in shares of Forum Merger IV by 162.2% during the first quarter. UBS Group AG now owns 3,448 shares of the company’s stock worth $35,000 after purchasing an additional 2,133 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in shares of Forum Merger IV during the fourth quarter worth $170,000. Fir Tree Capital Management LP purchased a new position in shares of Forum Merger IV during the third quarter worth $196,000. Wolverine Asset Management LLC purchased a new position in shares of Forum Merger IV during the third quarter worth $267,000. Finally, Virtu Financial LLC purchased a new position in shares of Forum Merger IV during the third quarter worth $301,000. Hedge funds and other institutional investors own 72.64% of the company’s stock.

Forum Merger IV Company Profile

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Forum Merger IV Corporation 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 2021 and is based in Delray Beach, Florida.