Lionheart Holdings Class A Ordinary Shares (NASDAQ:CUB) Stock Short Interest Jumps 900.0%

Lionheart Holdings Class A Ordinary Shares (NASDAQ:CUB) was the recipient of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 110 shares, a growth of 900.0% from the October 15th total of 11 shares. Based on an average trading volume of 82,638 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Trading of Lionheart Holdings Class A Ordinary Shares

A hedge fund recently bought a new stake in Lionheart Holdings Class A Ordinary Shares stock. Sona Asset Management US LLC purchased a new position in shares of Lionheart Holdings Class A Ordinary Shares (NASDAQ:CUB) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 140,698 shares of the company’s stock, valued at approximately $1,514,000. Sona Asset Management US LLC owned about 0.46% of Lionheart Holdings Class A Ordinary Shares at the end of the most recent reporting period.

Lionheart Holdings Class A Ordinary Shares Price Performance

Shares of CUB stock remained flat at $10.96 on Thursday. 3,976 shares of the stock traded hands, compared to its average volume of 173,767. The company’s fifty day moving average price is $10.91 and its 200-day moving average price is $10.81. The company has a market capitalization of $286.75 million, a PE ratio of 182.70 and a beta of 0.01. Lionheart Holdings Class A Ordinary Shares has a 1 year low of $10.57 and a 1 year high of $11.23.

Lionheart Holdings Class A Ordinary Shares (NASDAQ:CUB) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.15) earnings per share (EPS) for the quarter.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wall Street Zen cut Lionheart Holdings Class A Ordinary Shares from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded shares of Lionheart Holdings Class A Ordinary Shares from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Lionheart Holdings Class A Ordinary Shares Company Profile

Lionheart Holdings was a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition or similar business combination. It did not operate a standalone commercial business or offer products and services of its own. Led by real estate investor Ophir Sternberg, Lionheart agreed to combine with healthcare technology and services company MSP Recovery. The transaction closed in 2022, and the combined company became MSP Recovery, later known as LifeWallet. MSP Recovery focuses on identifying and recovering healthcare payments that it says should have been paid by other insurers or responsible parties.