Mercato Partners Acquisition Co. (NASDAQ:MPRAW – Get Free Report) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 23,000 shares, a decrease of 7.6% from the June 30th total of 24,900 shares. Based on an average daily volume of 12,300 shares, the short-interest ratio is currently 1.9 days.
Mercato Partners Acquisition Price Performance
Mercato Partners Acquisition stock opened at $0.05 on Tuesday. Mercato Partners Acquisition has a 12 month low of $0.00 and a 12 month high of $0.20. The business’s fifty day simple moving average is $0.07 and its two-hundred day simple moving average is $0.08.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Credit Suisse AG bought a new stake in Mercato Partners Acquisition in the 2nd quarter worth approximately $38,000. Sculptor Capital LP increased its position in Mercato Partners Acquisition by 100.0% during the first quarter. Sculptor Capital LP now owns 443,579 shares of the company’s stock valued at $116,000 after acquiring an additional 221,787 shares during the last quarter. Radcliffe Capital Management L.P. lifted its holdings in Mercato Partners Acquisition by 66.7% in the first quarter. Radcliffe Capital Management L.P. now owns 500,050 shares of the company’s stock valued at $4,963,000 after acquiring an additional 200,050 shares during the period. EHP Funds Inc. bought a new stake in shares of Mercato Partners Acquisition during the 1st quarter valued at about $180,000. Finally, Farallon Capital Management LLC purchased a new stake in shares of Mercato Partners Acquisition during the 1st quarter valued at about $120,000.
About Mercato Partners Acquisition
Mercato Partners Acquisition Corporation intends to acquire assets and businesses through a merger, capital stock exchange, stock purchase, reorganization, or similar business combination. It focuses on identifying, acquiring, and operating a business in technology or branded consumer products sector.
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