Redwoods Acquisition (NASDAQ:RWOD) Shares Down 4.4%

Redwoods Acquisition Corp. (NASDAQ:RWOD)’s share price fell 4.4% during mid-day trading on Thursday . The stock traded as low as $0.73 and last traded at $0.74. 45,004 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 108,185 shares. The stock had previously closed at $0.77.

Redwoods Acquisition Stock Down 4.4 %

The business’s 50 day moving average price is $1.31 and its 200-day moving average price is $5.45.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cowen AND Company LLC bought a new stake in shares of Redwoods Acquisition in the 4th quarter valued at approximately $160,000. Mizuho Securities USA LLC acquired a new stake in Redwoods Acquisition in the 4th quarter valued at $2,134,000. Clear Street LLC boosted its stake in Redwoods Acquisition by 4,175.5% in the 4th quarter. Clear Street LLC now owns 73,154 shares of the company’s stock valued at $783,000 after buying an additional 71,443 shares in the last quarter. Finally, Berkley W R Corp grew its position in Redwoods Acquisition by 172.0% in the first quarter. Berkley W R Corp now owns 188,791 shares of the company’s stock valued at $2,260,000 after acquiring an additional 119,376 shares during the period. Institutional investors own 20.07% of the company’s stock.

Redwoods Acquisition Company Profile

Redwoods Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. In intends to focus on businesses in the carbon neutral and energy storage industries.