Zanite Acquisition Corp. (NASDAQ:ZNTE) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 171,000 shares, an increase of 293.1% from the December 15th total of 43,500 shares. Based on an average trading volume of 171,700 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.8% of the shares of the stock are short sold.
A number of institutional investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC acquired a new stake in Zanite Acquisition in the second quarter valued at $70,000. Warberg Asset Management LLC acquired a new stake in Zanite Acquisition in the second quarter valued at $107,000. CNH Partners LLC increased its position in shares of Zanite Acquisition by 9.9% in the third quarter. CNH Partners LLC now owns 182,547 shares of the company’s stock valued at $1,846,000 after buying an additional 16,376 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its position in shares of Zanite Acquisition by 148.4% in the second quarter. Schonfeld Strategic Advisors LLC now owns 37,253 shares of the company’s stock valued at $375,000 after buying an additional 22,253 shares in the last quarter. Finally, Granby Capital Management LLC purchased a new position in shares of Zanite Acquisition in the third quarter valued at $253,000. 63.66% of the stock is owned by institutional investors.
Zanite Acquisition stock opened at $10.18 on Friday. Zanite Acquisition has a one year low of $9.82 and a one year high of $14.95. The business has a fifty day moving average of $10.16 and a two-hundred day moving average of $10.10.
Zanite 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 the aviation, aerospace and defense, urban mobility, and emerging technology industries.
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