SportsTek Acquisition Corp. (NASDAQ:SPTK) Short Interest Up 237.1% in December

SportsTek Acquisition Corp. (NASDAQ:SPTK) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 23,600 shares, an increase of 237.1% from the December 15th total of 7,000 shares. Based on an average trading volume of 22,100 shares, the short-interest ratio is currently 1.1 days. Currently, 0.1% of the company’s stock are sold short.

Institutional investors have recently modified their holdings of the business. HBK Investments L P bought a new position in SportsTek Acquisition during the 2nd quarter worth about $2,405,000. Blackstone Inc purchased a new stake in shares of SportsTek Acquisition during the second quarter valued at about $3,127,000. Periscope Capital Inc. purchased a new stake in shares of SportsTek Acquisition during the second quarter valued at about $1,503,000. Marathon Asset Management LP purchased a new stake in shares of SportsTek Acquisition during the second quarter valued at about $5,580,000. Finally, CVI Holdings LLC purchased a new stake in shares of SportsTek Acquisition during the second quarter valued at about $1,684,000. Institutional investors own 52.30% of the company’s stock.

Shares of SportsTek Acquisition stock opened at $9.74 on Friday. SportsTek Acquisition has a 1 year low of $9.60 and a 1 year high of $10.00. The firm’s 50-day moving average is $9.74 and its two-hundred day moving average is $9.70.

About SportsTek Acquisition

SportsTek Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Tulsa, Oklahoma.

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