Battery Future Acquisition Corp. (NYSE:BFAC – Get Free Report) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 400 shares, an increase of 300.0% from the June 15th total of 100 shares. Based on an average daily volume of 87,600 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.
Hedge Funds Weigh In On Battery Future Acquisition
A number of large investors have recently made changes to their positions in the company. Karpus Management Inc. grew its position in Battery Future Acquisition by 77.5% during the first quarter. Karpus Management Inc. now owns 40,085 shares of the company’s stock worth $441,000 after buying an additional 17,500 shares in the last quarter. Deltec Asset Management LLC acquired a new stake in Battery Future Acquisition during the fourth quarter worth approximately $542,000. Robinson Capital Management LLC acquired a new stake in Battery Future Acquisition during the fourth quarter worth approximately $753,000. Quarry LP acquired a new stake in Battery Future Acquisition during the fourth quarter worth approximately $1,131,000. Finally, Berkley W R Corp acquired a new stake in Battery Future Acquisition during the first quarter worth approximately $1,669,000. Institutional investors own 74.70% of the company’s stock.
Battery Future Acquisition Price Performance
Shares of NYSE BFAC traded up $0.01 during trading hours on Thursday, reaching $11.08. 372 shares of the stock were exchanged, compared to its average volume of 61,421. Battery Future Acquisition has a 52 week low of $9.60 and a 52 week high of $11.55. The stock’s fifty day simple moving average is $11.06 and its 200 day simple moving average is $11.00.
Battery Future Acquisition Company Profile
Battery Future Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to target assets or companies along the battery value chain.
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