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

Four Leaf Acquisition Co. (NASDAQ:FORL) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 9,600 shares, an increase of 31.5% from the December 15th total of 7,300 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 6,000 shares, the short-interest ratio is presently 1.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. K2 Principal Fund L.P. bought a new position in shares of Four Leaf Acquisition in the second quarter worth about $1,587,000. SkyView Investment Advisors LLC bought a new position in Four Leaf Acquisition during the second quarter worth $383,000. Clear Street LLC acquired a new position in Four Leaf Acquisition during the 2nd quarter valued at $320,000. Berkley W R Corp bought a new stake in Four Leaf Acquisition in the 3rd quarter valued at $1,456,000. Finally, Virtu Financial LLC acquired a new position in shares of Four Leaf Acquisition during the third quarter valued at about $206,000. Institutional investors own 72.96% of the company’s stock.

Four Leaf Acquisition Price Performance

Shares of Four Leaf Acquisition stock opened at $11.09 on Friday. The stock has a 50-day moving average price of $11.07 and a 200 day moving average price of $11.02. Four Leaf Acquisition has a 1 year low of $10.58 and a 1 year high of $11.29.

About Four Leaf Acquisition

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.