Short Interest in Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA) Decreases By 88.9%

Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA) saw a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 100 shares, a drop of 88.9% from the July 31st total of 900 shares. Based on an average daily trading volume, of 42,600 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Spartan Fund Management Inc. acquired a new stake in Mountain & Co. I Acquisition Corp. in the first quarter worth $730,000. K2 Principal Fund L.P. lifted its position in Mountain & Co. I Acquisition Corp. by 456.0% in the 4th quarter. K2 Principal Fund L.P. now owns 98,848 shares of the company’s stock valued at $1,117,000 after purchasing an additional 81,071 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in Mountain & Co. I Acquisition Corp. by 783.2% during the 2nd quarter. Wolverine Asset Management LLC now owns 135,600 shares of the company’s stock valued at $1,580,000 after purchasing an additional 120,247 shares during the period. Logan Stone Capital LLC bought a new position in Mountain & Co. I Acquisition Corp. in the 2nd quarter worth approximately $2,146,000. Finally, Quarry LP increased its holdings in shares of Mountain & Co. I Acquisition Corp. by 30.0% during the fourth quarter. Quarry LP now owns 520,000 shares of the company’s stock valued at $5,876,000 after purchasing an additional 120,000 shares during the period. Institutional investors and hedge funds own 64.23% of the company’s stock.

Mountain & Co. I Acquisition Corp. Stock Performance

MCAA stock traded down $0.03 during midday trading on Tuesday, reaching $11.67. The company had a trading volume of 104 shares, compared to its average volume of 75,565. The stock has a 50 day moving average price of $11.66 and a 200 day moving average price of $11.56. Mountain & Co. I Acquisition Corp. has a fifty-two week low of $11.02 and a fifty-two week high of $11.74.

About Mountain & Co. I Acquisition Corp.

Mountain & Co I Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in consumer Internet and B2B digital infrastructure sectors.