Newbridge Acquisition Ltd (NASDAQ:NBRGU – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 90 shares. Based on an average daily volume of 215 shares, the short-interest ratio is currently 0.4 days.
Hedge Funds Weigh In On Newbridge Acquisition
A hedge fund recently raised its position in Newbridge Acquisition stock. Robinson Capital Management LLC raised its position in shares of Newbridge Acquisition Ltd (NASDAQ:NBRGU – Free Report) by 100.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,500 shares of the company’s stock after acquiring 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 SEC filing.
Newbridge Acquisition Trading Up 0.0%
Newbridge Acquisition stock traded up $0.00 during midday trading on Wednesday, reaching $10.39. The company had a trading volume of 1,096 shares, compared to its average volume of 7,131. Newbridge Acquisition has a 12-month low of $9.93 and a 12-month high of $11.40. The firm’s fifty day simple moving average is $10.26 and its 200-day simple moving average is $10.19.
About Newbridge Acquisition
Newbridge Acquisition is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. Its potential transaction could take the form of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar combination.
Unlike an operating company, Newbridge Acquisition does not have established products, services or commercial operations of its own. Its activities are focused on raising capital through a public offering, placing proceeds into a trust account and evaluating prospective acquisition targets.
The company’s publicly traded units are listed on the Nasdaq under the symbol NBRGU.
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