Short Interest in INSU Acquisition Corp. III (NASDAQ:IIII) Declines By 42.9%

INSU Acquisition Corp. III (NASDAQ:IIII) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 4,400 shares, a drop of 42.9% from the August 15th total of 7,700 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 27,300 shares, the days-to-cover ratio is currently 0.2 days.

Institutional investors have recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC bought a new position in INSU Acquisition Corp. III in the first quarter valued at about $5,686,000. Millennium Management LLC acquired a new stake in shares of INSU Acquisition Corp. III in the first quarter valued at about $4,826,000. Radcliffe Capital Management L.P. acquired a new stake in shares of INSU Acquisition Corp. III in the first quarter valued at about $3,980,000. Verition Fund Management LLC acquired a new stake in shares of INSU Acquisition Corp. III in the first quarter valued at about $1,914,000. Finally, CSS LLC IL acquired a new stake in shares of INSU Acquisition Corp. III in the first quarter valued at about $1,846,000. Hedge funds and other institutional investors own 47.86% of the company’s stock.

INSU Acquisition Corp. III stock traded down $0.01 during trading hours on Friday, hitting $9.73. The stock had a trading volume of 403 shares, compared to its average volume of 18,284. INSU Acquisition Corp. III has a one year low of $9.54 and a one year high of $11.32. The business’s 50 day simple moving average is $9.73 and its 200-day simple moving average is $9.81.

About INSU Acquisition Corp. III

INSU Acquisition Corp. III does not have significant operations. The company focuses on effecting 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 Philadelphia, Pennsylvania.

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