Short Interest in Four Leaf Acquisition Co. (NASDAQ:FORL) Drops By 61.5%

Four Leaf Acquisition Co. (NASDAQ:FORL) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 1,500 shares, a decrease of 61.5% from the February 29th total of 3,900 shares. Based on an average daily trading volume, of 17,500 shares, the days-to-cover ratio is presently 0.1 days.

Four Leaf Acquisition Stock Performance

Shares of Four Leaf Acquisition stock remained flat at $10.72 during trading on Thursday. The stock had a trading volume of 1 shares, compared to its average volume of 25,955. The firm’s 50-day moving average is $10.63 and its two-hundred day moving average is $10.55. Four Leaf Acquisition has a 1 year low of $10.18 and a 1 year high of $11.46.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Periscope Capital Inc. lifted its position in shares of Four Leaf Acquisition by 148.3% in the 3rd quarter. Periscope Capital Inc. now owns 458,137 shares of the company’s stock worth $4,806,000 after purchasing an additional 273,600 shares during the period. Mangrove Partners purchased a new stake in Four Leaf Acquisition during the second quarter worth $2,715,000. Karpus Management Inc. boosted its position in Four Leaf Acquisition by 49.9% during the 4th quarter. Karpus Management Inc. now owns 261,400 shares of the company’s stock valued at $2,747,000 after acquiring an additional 86,988 shares in the last quarter. Cohanzick Management LLC purchased a new position in shares of Four Leaf Acquisition in the 2nd quarter valued at $2,578,000. Finally, Bulldog Investors LLP raised its position in shares of Four Leaf Acquisition by 296.5% in the 4th quarter. Bulldog Investors LLP now owns 229,265 shares of the company’s stock worth $2,411,000 after acquiring an additional 171,448 shares in the last quarter. 72.96% of the stock is currently owned by institutional investors.

About Four Leaf Acquisition

Four Leaf Acquisition Corporation does not have significant operations. The company focuses on effecting 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.