Adit EdTech Acquisition Corp. (NYSE:ADEX) sees a significant increase in short-term interest
Adit EdTech Acquisition Corp. (NYSE:ADEX – Get Rating) benefited from strong growth in short-term interest in April. As of April 30, there was short interest totaling 10,500 shares, an 87.5% growth from the total of 5,600 shares as of April 15. Based on an average daily volume of 40,700 shares, the short interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are sold short.
Several institutional investors and hedge funds have recently changed their positions in ADEX. Penserra Capital Management LLC purchased a new stake in shares of Adit EdTech Acquisition during Q4, valued at approximately $28,000. Toroso Investments LLC purchased a new stake in shares of Adit EdTech Acquisition during Q3, valued at approximately $101,000. PEAK6 Investments LLC purchased a new stake in shares of Adit EdTech Acquisition during Q3, valued at approximately $205,000. Cantor Fitzgerald Investment Adviser LP purchased a new stake in shares of Adit EdTech Acquisition during Q4, valued at approximately $206,000. Finally, Deltec Asset Management LLC purchased a new stake in shares of Adit EdTech Acquisition during Q4, valued at approximately $247,000. 71.00% of the shares are currently held by hedge funds and other institutional investors.
Shares of ADEX opened at $9.88 on Friday. The company’s 50-day moving average price is $9.88 and its 200-day moving average price is $9.86. Adit EdTech Acquisition has a 1-year low of $9.61 and a 1-year high of $10.24.
Adit EdTech Acquisition Company Profile (Get an evaluation)
Adit EdTech Acquisition Corp. is focused on completing a merger, capital exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more companies or entities. The company was incorporated in 2020 and is based in New York, New York.
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