Short Interest in Battery Future Acquisition Corp. (NYSE:BFAC) Declines By 33.3%

Battery Future Acquisition Corp. (NYSE:BFAC) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 200 shares, a drop of 33.3% from the August 31st total of 300 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 11,500 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Battery Future Acquisition

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new position in Battery Future Acquisition in the 4th quarter valued at approximately $1,131,000. Berkley W R Corp grew its stake in shares of Battery Future Acquisition by 30.6% during the second quarter. Berkley W R Corp now owns 198,180 shares of the company’s stock worth $2,188,000 after buying an additional 46,421 shares during the last quarter. Spartan Fund Management Inc. increased its holdings in shares of Battery Future Acquisition by 11,925.4% during the second quarter. Spartan Fund Management Inc. now owns 50,747 shares of the company’s stock worth $561,000 after buying an additional 50,325 shares in the last quarter. Karpus Management Inc. lifted its stake in shares of Battery Future Acquisition by 77.5% in the 1st quarter. Karpus Management Inc. now owns 40,085 shares of the company’s stock valued at $441,000 after acquiring an additional 17,500 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its holdings in shares of Battery Future Acquisition by 2.9% during the 1st quarter. Mizuho Securities USA LLC now owns 339,232 shares of the company’s stock valued at $3,698,000 after acquiring an additional 9,564 shares in the last quarter. 74.70% of the stock is owned by institutional investors.

Battery Future Acquisition Price Performance

Battery Future Acquisition stock remained flat at $11.07 during midday trading on Friday. The company’s stock had a trading volume of 4 shares, compared to its average volume of 5,900. Battery Future Acquisition has a 1 year low of $9.60 and a 1 year high of $11.55. The firm’s 50 day moving average is $11.10 and its 200-day moving average is $11.07.

About Battery Future Acquisition

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.