Short Interest in Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Grows By 157.1%

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,800 shares, an increase of 157.1% from the February 29th total of 700 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 38,100 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Alchemy Investments Acquisition Corp 1

Several institutional investors have recently added to or reduced their stakes in the business. Schechter Investment Advisors LLC purchased a new stake in Alchemy Investments Acquisition Corp 1 during the 4th quarter valued at $10,424,000. Periscope Capital Inc. purchased a new stake in Alchemy Investments Acquisition Corp 1 during the 3rd quarter valued at $6,749,000. Picton Mahoney Asset Management purchased a new stake in Alchemy Investments Acquisition Corp 1 during the 3rd quarter valued at $6,202,000. HGC Investment Management Inc. purchased a new position in shares of Alchemy Investments Acquisition Corp 1 in the 4th quarter worth $5,379,000. Finally, Westchester Capital Management LLC purchased a new position in shares of Alchemy Investments Acquisition Corp 1 in the 3rd quarter worth $4,644,000. 92.46% of the stock is currently owned by hedge funds and other institutional investors.

Alchemy Investments Acquisition Corp 1 Stock Performance

Shares of ALCY opened at $10.58 on Thursday. The business’s fifty day simple moving average is $10.55 and its two-hundred day simple moving average is $10.45. Alchemy Investments Acquisition Corp 1 has a 12 month low of $10.17 and a 12 month high of $11.85.

Alchemy Investments Acquisition Corp 1 Company Profile

Alchemy Investments Acquisition Corp 1, a special purpose acquisition company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It plans to focus on companies acquiring, processing, analysing, and utilizing data acquired from various systems and sources.