Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA – Get Free Report ) has seen a significant increase in short interest during the month of July. As of July 15, short interest totaled 1,300 shares, up 30.0% from a total of 1,000 shares on June 30. Currently, 0.1% of the company’s shares are shorted. Based on an average daily trading volume of 3,200 shares, the days ratio is currently at 0.4 days.
Hedge funds intervene in Welsbach Technology Metals takeover
Hedge funds and other institutional investors have recently modified their positions in the business. Robinson Capital Management LLC purchased a new stake in Welsbach Technology Metals Acquisition in the fourth quarter valued at $676,000. Cable Car Capital LLC purchased a new stake in Welsbach Technology Metals Acquisition in the fourth quarter valued at approximately $3,224,000. K2 Principal Fund LP purchased a new stake in Welsbach Technology Metals Acquisition in the fourth quarter valued at approximately $112,000. Finally, Tidal Investments LLC increased its holdings in Welsbach Technology Metals Acquisition by 3.2% in the first quarter. Tidal Investments LLC now owns 35,562 shares of the company’s stock, valued at $390,000, after purchasing an additional 1,100 shares during the period. Currently, 48.61% of the stock is owned by institutional investors and hedge funds.
Welsbach Technology Metals Acquisition Price Performance
Welsbach Technology Metals Acquisition shares began trading at $11.20 on Friday. The company’s 50 day moving average price is $11.09 and its 200 day moving average price is $10.96. Welsbach Technology Metals Acquisition has a 52 week low of $10.51 and a 52 week high of $11.68.
Overview of Welsbach Technology Metals Acquisition Company
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Welsbach Technology Metals Acquisition Corp. does not have any significant operations. The company is focused on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more companies. The company intends to focus on the technology metals and energy transition metals sectors.
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