Four Leaf Acquisition Co. (NASDAQ:FORL) Sees Significant Growth in Short Interest

Four Leaf Acquisition Co. (NASDAQ:FORL) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 900 shares, an increase of 12.5% from the August 31st total of 800 shares. Based on an average trading volume of 14,300 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Four Leaf Acquisition Price Performance

Shares of Four Leaf Acquisition stock opened at $11.00 on Tuesday. The business has a 50-day simple moving average of $10.99 and a 200-day simple moving average of $10.90. Four Leaf Acquisition has a one year low of $10.46 and a one year high of $11.03.

Insider Buying and Selling at Four Leaf Acquisition

In other Four Leaf Acquisition news, major shareholder Aqr Capital Management Holding sold 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $10.98, for a total value of $823,500.00. Following the completion of the transaction, the insider now owns 60 shares of the company’s stock, valued at approximately $658.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 19.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Four Leaf Acquisition

A number of large investors have recently modified their holdings of the company. Bulldog Investors LLP grew its stake in shares of Four Leaf Acquisition by 296.5% during the fourth quarter. Bulldog Investors LLP now owns 229,265 shares of the company’s stock worth $2,411,000 after purchasing an additional 171,448 shares in the last quarter. K2 Principal Fund L.P. purchased a new position in shares of Four Leaf Acquisition in the 2nd quarter valued at about $1,587,000. Wolverine Asset Management LLC increased its holdings in shares of Four Leaf Acquisition by 82.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 230,922 shares of the company’s stock valued at $2,522,000 after acquiring an additional 104,619 shares during the last quarter. Karpus Management Inc. raised its position in shares of Four Leaf Acquisition by 49.9% during the 4th quarter. Karpus Management Inc. now owns 261,400 shares of the company’s stock worth $2,747,000 after acquiring an additional 86,988 shares in the last quarter. Finally, Wealthspring Capital LLC purchased a new stake in Four Leaf Acquisition during the first quarter worth approximately $722,000. 72.96% of the stock is owned by hedge funds and other institutional investors.

Four Leaf Acquisition Company Profile

Four Leaf Acquisition Corporation does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to acquire the Internet of Things business.