Atlantic Coastal Acquisition Corp. (NASDAQ:ACAH – Get Free Report) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 1,400 shares, a growth of 7.7% from the September 15th total of 1,300 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is currently 0.8 days.
Atlantic Coastal Acquisition Stock Performance
NASDAQ ACAH opened at $10.49 on Tuesday. Atlantic Coastal Acquisition has a 52-week low of $9.85 and a 52-week high of $11.46. The firm has a 50-day moving average of $10.49 and a 200-day moving average of $10.33.
Hedge Funds Weigh In On Atlantic Coastal Acquisition
Several institutional investors and hedge funds have recently made changes to their positions in ACAH. Goldman Sachs Group Inc. boosted its position in shares of Atlantic Coastal Acquisition by 47.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,317,321 shares of the company’s stock valued at $22,594,000 after acquiring an additional 741,114 shares during the period. Sandia Investment Management LP acquired a new position in shares of Atlantic Coastal Acquisition during the 1st quarter worth approximately $3,036,000. Balyasny Asset Management LLC raised its position in shares of Atlantic Coastal Acquisition by 62.5% in the third quarter. Balyasny Asset Management LLC now owns 650,000 shares of the company’s stock valued at $6,383,000 after buying an additional 250,000 shares in the last quarter. Spartan Fund Management Inc. boosted its stake in shares of Atlantic Coastal Acquisition by 220.1% in the second quarter. Spartan Fund Management Inc. now owns 203,707 shares of the company’s stock valued at $314,000 after buying an additional 140,074 shares during the period. Finally, First Trust Capital Management L.P. grew its position in Atlantic Coastal Acquisition by 32.2% during the fourth quarter. First Trust Capital Management L.P. now owns 202,694 shares of the company’s stock worth $2,030,000 after buying an additional 49,428 shares in the last quarter. Institutional investors and hedge funds own 29.40% of the company’s stock.
Atlantic Coastal Acquisition Company Profile
Atlantic Coastal Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in mobility sector. The company was incorporated in 2020 and is based in New York, New York.
See Also
- Five stocks we like better than Atlantic Coastal Acquisition
- Technology Stocks Explained: Here’s What to Know About Tech
- Warren Buffett Stocks: What’s in Warren Buffett’s Portfolio?
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Snack Maker Mondelez Int’l Is Down but Not Out
- The “How” and “Why” of Investing in 5G Stocks
- Costco, Dollar General, Target Up As Market Turns Defensive
Receive News & Ratings for Atlantic Coastal Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Coastal Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
