Short Interest in Battery Future Acquisition Corp. (NYSE:BFAC) Decreases By 83.3%

Posted by Matthew Steigler on Nov 28th, 2024

Battery Future Acquisition Corp. (NYSE:BFAC – Get Free Report) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 200 shares, a drop of 83.3% from the October 31st total of 1,200 shares. Based on an average trading volume of 9,000 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Battery Future Acquisition Stock Performance

BFAC stock traded down $0.01 during midday trading on Wednesday, hitting $11.12. 137 shares of the company’s stock were exchanged, compared to its average volume of 44,863. Battery Future Acquisition has a one year low of $10.78 and a one year high of $11.55. The stock’s fifty day moving average price is $11.11 and its 200-day moving average price is $11.09.

Institutional Investors Weigh In On Battery Future Acquisition

Several large investors have recently made changes to their positions in the stock. Berkley W R Corp boosted its position in shares of Battery Future Acquisition by 36.4% during the third quarter. Berkley W R Corp now owns 270,370 shares of the company’s stock worth $2,993,000 after buying an additional 72,190 shares during the period. Mizuho Securities USA LLC lifted its stake in Battery Future Acquisition by 95.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 313,872 shares of the company’s stock valued at $3,468,000 after acquiring an additional 153,672 shares in the last quarter. Finally, Spartan Fund Management Inc. lifted its stake in Battery Future Acquisition by 11,925.4% in the 2nd quarter. Spartan Fund Management Inc. now owns 50,747 shares of the company’s stock valued at $561,000 after acquiring an additional 50,325 shares in the last quarter. Institutional investors own 74.70% of the company’s stock.

About Battery Future Acquisition

(Get Free Report)

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.