Zanite Acquisition Corp. (NASDAQ:ZNTE) Short Interest Update

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 Company Profile

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.

Featured Story: Margin

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