Aura FAT Projects Acquisition Corp (NASDAQ:AFAR) Sees Significant Decrease in Short Interest

Aura FAT Projects Acquisition Corp (NASDAQ:AFAR) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 900 shares, a drop of 62.5% from the March 31st total of 2,400 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 10,800 shares, the days-to-cover ratio is currently 0.1 days.

Aura FAT Projects Acquisition Stock Performance

AFAR opened at $11.23 on Friday. Aura FAT Projects Acquisition has a 12 month low of $10.49 and a 12 month high of $11.64. The business has a 50-day moving average of $11.09 and a two-hundred day moving average of $10.94.

Institutional Investors Weigh In On Aura FAT Projects Acquisition

Several hedge funds have recently modified their holdings of AFAR. Wolverine Asset Management LLC boosted its holdings in Aura FAT Projects Acquisition by 16.3% in the fourth quarter. Wolverine Asset Management LLC now owns 152,680 shares of the company’s stock valued at $1,660,000 after acquiring an additional 21,385 shares during the last quarter. Meteora Capital LLC acquired a new position in shares of Aura FAT Projects Acquisition in the 3rd quarter valued at about $1,404,000. Quarry LP purchased a new stake in shares of Aura FAT Projects Acquisition during the 4th quarter worth about $1,359,000. Finally, Mizuho Securities USA LLC grew its holdings in shares of Aura FAT Projects Acquisition by 3.3% during the 4th quarter. Mizuho Securities USA LLC now owns 201,700 shares of the company’s stock worth $2,168,000 after purchasing an additional 6,478 shares during the period. 53.28% of the stock is owned by institutional investors and hedge funds.

About Aura FAT Projects Acquisition

Aura FAT Projects Acquisition Corp does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It focuses on acquiring technology companies with Web 3.0, blockchain, cryptocurrency, digital ledger, e-gaming, and other new financial technology and services applications in Southeast Asia, Australia, and New Zealand.