Aldabra 4 Liquidity Opportunity Vehicle, Inc. (NASDAQ:ALOV – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,761 shares, an increase of 245.3% from the September 15th total of 510 shares. Based on an average trading volume of 59,310 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.
Hedge Funds Weigh In On Aldabra 4 Liquidity Opportunity Vehicle
A hedge fund recently bought a new stake in Aldabra 4 Liquidity Opportunity Vehicle stock. Rivernorth Capital Management LLC purchased a new position in shares of Aldabra 4 Liquidity Opportunity Vehicle, Inc. (NASDAQ:ALOV – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 99,999 shares of the company’s stock, valued at approximately $1,000,000. Rivernorth Capital Management LLC owned approximately 0.33% of Aldabra 4 Liquidity Opportunity Vehicle as of its most recent filing with the Securities & Exchange Commission.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of Aldabra 4 Liquidity Opportunity Vehicle from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Aldabra 4 Liquidity Opportunity Vehicle has an average rating of “Sell”.
Aldabra 4 Liquidity Opportunity Vehicle Trading Down 0.0%
Shares of NASDAQ ALOV traded down $0.00 during trading on Friday, reaching $10.01. The stock had a trading volume of 2,181 shares, compared to its average volume of 44,648. Aldabra 4 Liquidity Opportunity Vehicle has a fifty-two week low of $9.82 and a fifty-two week high of $10.04. The stock has a 50-day moving average price of $10.00.
Aldabra 4 Liquidity Opportunity Vehicle Company Profile
Aldabra 4 Liquidity Opportunity Vehicle Corp. is a special purpose acquisition company, commonly known as a blank-check company. It was formed to identify and complete a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more operating businesses.
Unlike an operating company, Aldabra 4 does not currently provide products or services to customers and has no established commercial operations of its own. Its principal activities involve evaluating potential acquisition targets, negotiating a business combination and completing related corporate and financing transactions.
The company has not publicly identified a completed operating business or a specific geographic market in the information available.
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