Boothbay Fund Management LLC Acquires Shares of 117,500 Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU)

Boothbay Fund Management LLC bought a new position in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 117,500 shares of the company’s stock, valued at approximately $1,179,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tuttle Capital Management LLC acquired a new stake in Malacca Straits Acquisition during the fourth quarter valued at $401,000. Deltec Asset Management LLC acquired a new stake in shares of Malacca Straits Acquisition during the 4th quarter valued at about $502,000. Wolverine Asset Management LLC acquired a new stake in shares of Malacca Straits Acquisition during the 4th quarter valued at about $5,767,000. Wealthspring Capital LLC purchased a new position in shares of Malacca Straits Acquisition in the 4th quarter valued at about $119,000. Finally, Schechter Investment Advisors LLC acquired a new position in Malacca Straits Acquisition in the 4th quarter worth about $1,543,000.

Malacca Straits Acquisition Price Performance

Shares of MLACU opened at $10.24 on Tuesday. Malacca Straits Acquisition Company Limited has a 12 month low of $10.00 and a 12 month high of $10.32. The stock’s 50 day moving average is $10.21 and its two-hundred day moving average is $10.28.

Malacca Straits Acquisition Company Profile

Malacca Straits Acquisition Company Limited does not have significant business. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media, food processing, renewable energy, and healthcare industries.