Wolverine Asset Management LLC Sells 283,147 Shares of Redwoods Acquisition Corp. (NASDAQ:RWOD)

Wolverine Asset Management LLC cut its holdings in shares of Redwoods Acquisition Corp. (NASDAQ:RWOD) by 73.5% during the fourth quarter, Holdings Channel reports. The fund owned 101,966 shares of the company’s stock after selling 283,147 shares during the period. Wolverine Asset Management LLC’s holdings in Redwoods Acquisition were worth $1,091,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Warberg Asset Management LLC lifted its stake in shares of Redwoods Acquisition by 183.3% in the 3rd quarter. Warberg Asset Management LLC now owns 28,519 shares of the company’s stock valued at $304,000 after purchasing an additional 18,454 shares during the period. Meteora Capital LLC raised its stake in Redwoods Acquisition by 122.7% during the 3rd quarter. Meteora Capital LLC now owns 187,080 shares of the company’s stock worth $1,996,000 after buying an additional 103,081 shares during the period. Shaolin Capital Management LLC raised its stake in Redwoods Acquisition by 200.0% during the 3rd quarter. Shaolin Capital Management LLC now owns 500,000 shares of the company’s stock worth $5,335,000 after buying an additional 1,000,000 shares during the period. Finally, Westchester Capital Management LLC raised its stake in Redwoods Acquisition by 23.0% during the 3rd quarter. Westchester Capital Management LLC now owns 534,782 shares of the company’s stock worth $5,706,000 after buying an additional 100,000 shares during the period. 20.07% of the stock is currently owned by institutional investors.

Redwoods Acquisition Stock Down 3.8 %

Shares of Redwoods Acquisition stock opened at $6.07 on Friday. Redwoods Acquisition Corp. has a 12 month low of $4.98 and a 12 month high of $13.10. The stock’s fifty day simple moving average is $10.21 and its 200 day simple moving average is $10.55.

Redwoods Acquisition Company Profile

Redwoods Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. In intends to focus on businesses in the carbon neutral and energy storage industries.