Waldencast Acquisition Corp. (NASDAQ:WALDU) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 2,800 shares, a decrease of 62.2% from the August 15th total of 7,400 shares. Based on an average daily volume of 27,700 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.
Shares of Waldencast Acquisition stock opened at $10.15 on Friday. The business’s fifty day simple moving average is $10.21. Waldencast Acquisition has a twelve month low of $9.52 and a twelve month high of $10.98.
A number of hedge funds have recently modified their holdings of WALDU. Atmos Capital Gestao DE Recursos LTDA. acquired a new position in Waldencast Acquisition in the 1st quarter worth $3,746,000. Sharp Capital Gestora de Recursos Ltda. bought a new position in Waldencast Acquisition in the 1st quarter worth about $24,950,000. Sage Mountain Advisors LLC bought a new position in Waldencast Acquisition in the 1st quarter worth about $312,000. Segantii Capital Management Ltd bought a new position in Waldencast Acquisition in the 1st quarter worth about $589,000. Finally, Waratah Capital Advisors Ltd. bought a new position in Waldencast Acquisition in the 1st quarter worth about $400,000.
Waldencast Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify businesses in the beauty, personal care, and wellness sectors. The company was incorporated in 2020 and is based in White Plains, New York.
Further Reading: How does equity income fit into an investing strategy?
Receive News & Ratings for Waldencast Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waldencast Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.