Fat Projects Acquisition Corp (NASDAQ:FATP) Sees Large Decline in Short Interest

( ) saw a dramatic drop in short interest during the month of April. On April 30, there were 4,500 shorted shares. This is a 47.1% drop from the total of 8,500 on April 15. The short-interest rate is currently 0.2 days based on a daily average volume of 29,700 share. At the moment, 0.0% shares are shorted.

Fat Projects Performance Price Acquisition

Trading at midday on Thursday saw a $0.01 increase, bringing the price to $10.56. 8 289 shares were traded compared to the average volume of 6 12,261. The company's simple moving-average is $10.53, and its 200 day moving-average is $10.30. Aqr Capital Management Holding, a major shareholder, sold 48,185 Fat Projects Acquisition shares in a deal that took place on Monday, 17th April. The shares were purchased at an average of $10.90 for a transaction totaling $525,216.50. After the sale was completed, the insider owns directly 384 shares of the company valued at $4,185.60. Insiders own 17.52 % of the company's stock.

Inflows of Institutional Capital and Outflows

Recently, hedge funds changed their holdings in the company. Landscape Capital Management L.L.C. Cowen AND Company LLC bought a new position of shares in Fat Projects Acquisition during the first quarter, worth approximately $418,000. Goldman Sachs Group Inc. bought a new share of Fat Projects acquisition during the first quarter, worth approximately $553,000. Radcliffe Capital Management L.P. also purchased shares of Fat Projects acquisition during the fourth quarter, worth about $571,000. 78.00% of shares are owned by hedge fund and other institutional investors.

Fat Projects - Acquisition

Get Rating

Fat Projects Acquisition Corp is not a large company. The company is focused on a merger, capital exchange, asset purchase, stock acquisition, reorganization or other related business combinations with one or several businesses. It plans to identify opportunities in Southeast Asia in the fields of supply chain, logistics, finance and sustainability/ESG.

MarketBeat.com offers a FREE daily email newsletter