H.I.G. Acquisition Corp. (NYSE:HIGA) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 9,300 shares, a decrease of 93.4% from the August 15th total of 140,400 shares. Based on an average daily volume of 40,100 shares, the days-to-cover ratio is currently 0.2 days.
Shares of HIGA traded up $0.05 during mid-day trading on Thursday, hitting $9.80. 500 shares of the company’s stock were exchanged, compared to its average volume of 107,880. The firm has a fifty day moving average of $9.75 and a two-hundred day moving average of $9.82. H.I.G. Acquisition has a twelve month low of $9.60 and a twelve month high of $15.46.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC boosted its holdings in H.I.G. Acquisition by 514.9% in the 1st quarter. HighTower Advisors LLC now owns 1,077,198 shares of the company’s stock valued at $10,710,000 after purchasing an additional 902,003 shares during the period. Berkley W R Corp boosted its holdings in H.I.G. Acquisition by 279.5% in the 2nd quarter. Berkley W R Corp now owns 457,546 shares of the company’s stock valued at $4,443,000 after purchasing an additional 336,988 shares during the period. Beryl Capital Management LLC boosted its holdings in H.I.G. Acquisition by 51.6% in the 2nd quarter. Beryl Capital Management LLC now owns 237,411 shares of the company’s stock valued at $2,305,000 after purchasing an additional 80,824 shares during the period. CSS LLC IL boosted its holdings in H.I.G. Acquisition by 263.1% in the 1st quarter. CSS LLC IL now owns 224,841 shares of the company’s stock valued at $2,235,000 after purchasing an additional 162,918 shares during the period. Finally, Vivaldi Asset Management LLC bought a new stake in H.I.G. Acquisition in the 1st quarter valued at $2,231,000. 59.19% of the stock is owned by institutional investors and hedge funds.
H.I.G. Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. The company was founded in 2020 and is based in Miami, Florida.
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