Focus Impact Acquisition Corp. (NASDAQ:FIAC) Sees Large Decrease in Short Interest
Focus Impact Acquisition Corp. (NASDAQ:FIAC – Get Free Report) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 700 shares, a drop of 12.5% from the November 15th total of 800 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 10,200 shares, the short-interest ratio is currently 0.1 days.
Institutional Trading of Focus Impact Acquisition
A number of institutional investors have recently bought and sold shares of the company. Periscope Capital Inc. boosted its position in Focus Impact Acquisition by 76.6% during the first quarter. Periscope Capital Inc. now owns 1,902,176 shares of the company’s stock valued at $19,783,000 after purchasing an additional 825,175 shares during the last quarter. First Trust Capital Management L.P. lifted its position in shares of Focus Impact Acquisition by 121.5% in the first quarter. First Trust Capital Management L.P. now owns 1,217,247 shares of the company’s stock worth $12,659,000 after buying an additional 667,812 shares during the last quarter. Atlas Merchant Capital LLC lifted its position in shares of Focus Impact Acquisition by 22.2% in the first quarter. Atlas Merchant Capital LLC now owns 1,099,025 shares of the company’s stock worth $11,408,000 after buying an additional 200,000 shares during the last quarter. Kim LLC lifted its position in shares of Focus Impact Acquisition by 142.9% in the first quarter. Kim LLC now owns 850,000 shares of the company’s stock worth $8,827,000 after buying an additional 500,000 shares during the last quarter. Finally, Cowen Investment Management LLC acquired a new stake in shares of Focus Impact Acquisition in the first quarter worth about $8,372,000. Institutional investors and hedge funds own 18.91% of the company’s stock.
Focus Impact Acquisition Price Performance
FIAC traded up $0.02 during trading on Friday, reaching $10.91. 29,031 shares of the stock traded hands, compared to its average volume of 88,723. Focus Impact Acquisition has a fifty-two week low of $10.13 and a fifty-two week high of $11.91. The stock’s 50-day simple moving average is $10.87 and its two-hundred day simple moving average is $10.74.
About Focus Impact Acquisition (Get Free Report)
Focus Impact Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses in the education technology, technology-enabled manufacturing and services, and financial and healthcare technology sectors.
Further Reading
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