From MarketBeat:

Arrowroot Acquisition Corp. (NASDAQ:ARRW) saw a large increase in short interest in December, with 14,500 shares sold short. This is a 22.9% increase from November 30. About 0.3% of the stock’s shares are sold short, with a days-to-cover ratio of 1.2 days based on average daily volume.

Arrowroot Acquisition (NASDAQ:ARRW) opened at $10.47 on Friday, with a 12-month low of $10.03 and a high of $10.60. The stock has a 50-day moving average of $10.49 and a 200-day moving average of $10.49.

Several large investors, including Hsbc Holdings PLC and Millennium Management LLC, have recently bought and sold shares of ARRW. Institutional investors own 37.45% of the stock.

Benchmark began coverage on Arrowroot Acquisition on December 13th, setting a “buy” rating with a $18.00 price objective for the company.

Arrowroot Acquisition Corp. does not have significant operations and intends to focus on acquiring a business in the enterprise software sector.

MarketBeat has identified the five top analysts’ stock recommendations. While Arrowroot Acquisition has a “Buy” rating, these five stocks are believed to be better buys.

MarketBeat has also released a list of 20 stocks that Wall Street analysts hate, offering readers insight into potential investments.



Read more: Arrowroot Acquisition Corp. (NASDAQ:ARRW) Short Interest Update