Aequi Acquisition Corp. (NASDAQ:ARBG) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 2,100 shares, a decline of 82.4% from the August 15th total of 11,900 shares. Based on an average daily trading volume, of 14,200 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.
Shares of NASDAQ:ARBG opened at $9.74 on Friday. The firm has a fifty day moving average price of $9.72 and a 200 day moving average price of $9.76. Aequi Acquisition has a fifty-two week low of $9.43 and a fifty-two week high of $10.75.
Hedge funds have recently made changes to their positions in the business. BCK Capital Management LP purchased a new position in shares of Aequi Acquisition during the first quarter valued at about $602,000. HighTower Advisors LLC bought a new position in Aequi Acquisition during the first quarter valued at approximately $834,000. Basso Capital Management L.P. purchased a new position in Aequi Acquisition during the 1st quarter valued at approximately $6,643,000. Easterly Investment Partners LLC bought a new stake in Aequi Acquisition in the 1st quarter worth approximately $724,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Aequi Acquisition during the 1st quarter worth approximately $97,000. Institutional investors and hedge funds own 61.14% of the company’s stock.
Aequi Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Greenwich, Connecticut.
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