Short Interest in Tuatara Capital Acquisition Co. (NASDAQ:TCAC) Grows By 135.6%

Tuatara Capital Acquisition Co. (NASDAQ:TCAC) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 31,100 shares, a growth of 135.6% from the December 15th total of 13,200 shares. Based on an average daily volume of 75,800 shares, the days-to-cover ratio is presently 0.4 days.

Tuatara Capital Acquisition stock opened at $9.87 on Friday. Tuatara Capital Acquisition has a 12 month low of $9.60 and a 12 month high of $10.12. The business has a 50 day simple moving average of $9.86 and a 200-day simple moving average of $9.76.

Several institutional investors have recently added to or reduced their stakes in TCAC. HighTower Advisors LLC purchased a new stake in shares of Tuatara Capital Acquisition during the second quarter worth approximately $1,624,000. CVI Holdings LLC purchased a new stake in shares of Tuatara Capital Acquisition during the second quarter worth approximately $6,776,000. Picton Mahoney Asset Management purchased a new stake in shares of Tuatara Capital Acquisition during the second quarter worth approximately $1,940,000. Arena Capital Advisors LLC CA purchased a new stake in shares of Tuatara Capital Acquisition during the second quarter worth approximately $817,000. Finally, Bank of Montreal Can purchased a new stake in shares of Tuatara Capital Acquisition during the second quarter worth approximately $2,957,000.

About Tuatara Capital Acquisition

Tuatara Capital Acquisition Corporation focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in New York, New York.

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