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

Valuence Merger Corp. I (NASDAQ:VMCA) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 1,300 shares, a growth of 85.7% from the March 15th total of 700 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 25,400 shares, the days-to-cover ratio is currently 0.1 days.

Valuence Merger Corp. I Price Performance

VMCA stock opened at $11.42 on Friday. Valuence Merger Corp. I has a 12 month low of $10.54 and a 12 month high of $11.85. The firm has a 50 day simple moving average of $11.32 and a 200 day simple moving average of $11.20.

Institutional Investors Weigh In On Valuence Merger Corp. I

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new stake in shares of Valuence Merger Corp. I during the second quarter worth $100,000. Bank of Montreal Can purchased a new stake in Valuence Merger Corp. I during the second quarter valued at about $130,000. Millennium Management LLC acquired a new position in shares of Valuence Merger Corp. I in the second quarter worth about $3,604,000. Centiva Capital LP purchased a new position in shares of Valuence Merger Corp. I in the second quarter worth approximately $112,000. Finally, Radcliffe Capital Management L.P. raised its holdings in shares of Valuence Merger Corp. I by 88.3% during the fourth quarter. Radcliffe Capital Management L.P. now owns 1,035,456 shares of the company’s stock valued at $10,743,000 after acquiring an additional 485,456 shares during the period. Institutional investors and hedge funds own 52.21% of the company’s stock.

Valuence Merger Corp. I Company Profile

Valuence Merger Corp. I does not have significant operations. The company 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 a business in Asia that is developing breakthrough technology in life sciences and/or advancing a platform for sustainable technology.