Short Interest in ANDINA ACQUISIT/SH SH (NASDAQ:ANDA) Expands By 25.4%

ANDINA ACQUISIT/SH SH (NASDAQ:ANDA) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 7,900 shares, a growth of 25.4% from the June 30th total of 6,300 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 58,800 shares, the days-to-cover ratio is currently 0.1 days.

Shares of NASDAQ:ANDA opened at $10.31 on Friday. ANDINA ACQUISIT/SH SH has a 12-month low of $9.80 and a 12-month high of $10.60. The business has a 50 day moving average of $10.30 and a two-hundred day moving average of $10.17.

ANDINA ACQUISIT/SH SH (NASDAQ:ANDA) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.03) earnings per share (EPS) for the quarter.

Several hedge funds have recently made changes to their positions in ANDA. UBS Group AG raised its stake in shares of ANDINA ACQUISIT/SH SH by 4,736.4% during the 1st quarter. UBS Group AG now owns 26,600 shares of the company’s stock worth $268,000 after buying an additional 26,050 shares during the period. Picton Mahoney Asset Management raised its stake in shares of ANDINA ACQUISIT/SH SH by 1,166.1% during the 1st quarter. Picton Mahoney Asset Management now owns 208,900 shares of the company’s stock worth $2,104,000 after buying an additional 192,400 shares during the period. Glazer Capital LLC acquired a new position in shares of ANDINA ACQUISIT/SH SH during the 1st quarter worth approximately $2,221,000. Finally, Mizuho Securities USA LLC raised its stake in shares of ANDINA ACQUISIT/SH SH by 5.3% during the 2nd quarter. Mizuho Securities USA LLC now owns 594,600 shares of the company’s stock worth $6,065,000 after buying an additional 30,029 shares during the period. 59.07% of the stock is owned by institutional investors and hedge funds.

ANDINA ACQUISIT/SH SH Company Profile

Andina Acquisition Corp. III intends to acquire assets and businesses through a merger, capital stock exchange, stock purchase, reorganization, or business combination. The company was founded in 2016 and is based in Bogotá, Colombia.

Featured Story: Stop Order Uses For Individual Investors

Receive News & Ratings for ANDINA ACQUISIT/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANDINA ACQUISIT/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.