Newbridge Acquisition Ltd (NASDAQ:NBRGU) Short Interest Update

Newbridge Acquisition Ltd (NASDAQ:NBRGU) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 165 shares, an increase of ∞ from the August 15th total of 0 shares. Based on an average daily volume of 1,327 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Newbridge Acquisition

A hedge fund recently raised its position in Newbridge Acquisition stock. Robinson Capital Management LLC lifted its stake in shares of Newbridge Acquisition Ltd (NASDAQ:NBRGU) by 100.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,500 shares of the company’s stock after buying an additional 15,250 shares during the quarter. Robinson Capital Management LLC’s holdings in Newbridge Acquisition were worth $314,000 as of its most recent filing with the SEC.

Newbridge Acquisition Stock Performance

Shares of Newbridge Acquisition stock remained flat at $10.23 on Tuesday. Newbridge Acquisition has a one year low of $9.93 and a one year high of $11.04. The stock’s 50-day moving average price is $10.20 and its 200 day moving average price is $10.13.

About Newbridge Acquisition

Newbridge Acquisition (NASDAQ: NBRGU) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to raise capital through an initial public offering with the objective of effecting a merger, share exchange, asset acquisition or similar business combination. As a SPAC, its principal business activity is to identify and complete an acquisition that will allow a private operating company to become publicly listed through a business combination rather than a traditional IPO process.

The company’s securities trade as units on the Nasdaq under the ticker NBRGU, representing the SPAC vehicle prior to any separation of underlying securities or consummation of a business combination.