Hudson Acquisition I Corp. (NASDAQ:HUDA – Get Free Report) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 18,200 shares, a growth of 323.3% from the February 29th total of 4,300 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 14,100 shares, the short-interest ratio is currently 1.3 days.
Hudson Acquisition I Price Performance
Hudson Acquisition I stock opened at $10.61 on Thursday. The company’s 50 day simple moving average is $10.56 and its 200-day simple moving average is $10.60. Hudson Acquisition I has a 1 year low of $10.21 and a 1 year high of $10.71.
Institutional Investors Weigh In On Hudson Acquisition I
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rivernorth Capital Management LLC purchased a new stake in Hudson Acquisition I during the 2nd quarter worth approximately $4,140,000. Glazer Capital LLC purchased a new stake in Hudson Acquisition I during the 4th quarter worth approximately $3,406,000. Mangrove Partners purchased a new stake in shares of Hudson Acquisition I in the 2nd quarter valued at approximately $3,149,000. Shaolin Capital Management LLC purchased a new stake in shares of Hudson Acquisition I in the 3rd quarter valued at approximately $2,663,000. Finally, Clear Street LLC increased its position in shares of Hudson Acquisition I by 5,696.0% in the 4th quarter. Clear Street LLC now owns 171,039 shares of the company’s stock valued at $1,813,000 after purchasing an additional 168,088 shares during the last quarter. 48.44% of the stock is owned by hedge funds and other institutional investors.
About Hudson Acquisition I
Hudson Acquisition I 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 2021 and is based in New York, New York.
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