Short Interest in Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Declines By 70.0%

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 300 shares, a decrease of 70.0% from the May 31st total of 1,000 shares. Based on an average daily trading volume, of 32,600 shares, the days-to-cover ratio is presently 0.0 days.

Alchemy Investments Acquisition Corp 1 Stock Performance

Shares of ALCY stock remained flat at $10.72 on Thursday. The company had a trading volume of 2,229 shares, compared to its average volume of 40,243. Alchemy Investments Acquisition Corp 1 has a twelve month low of $10.17 and a twelve month high of $11.85. The stock’s fifty day moving average is $10.67 and its two-hundred day moving average is $10.58.

Institutional Trading of Alchemy Investments Acquisition Corp 1

Several large investors have recently added to or reduced their stakes in the business. Schechter Investment Advisors LLC acquired a new position in shares of Alchemy Investments Acquisition Corp 1 in the 4th quarter valued at $10,424,000. HGC Investment Management Inc. acquired a new stake in shares of Alchemy Investments Acquisition Corp 1 during the fourth quarter valued at approximately $5,379,000. Kim LLC lifted its position in shares of Alchemy Investments Acquisition Corp 1 by 102.5% in the 4th quarter. Kim LLC now owns 405,000 shares of the company’s stock valued at $4,295,000 after acquiring an additional 205,000 shares in the last quarter. AQR Arbitrage LLC acquired a new position in Alchemy Investments Acquisition Corp 1 in the 3rd quarter worth approximately $4,164,000. Finally, Cohanzick Management LLC grew its position in Alchemy Investments Acquisition Corp 1 by 28.6% during the 4th quarter. Cohanzick Management LLC now owns 303,634 shares of the company’s stock worth $3,167,000 after purchasing an additional 67,514 shares in the last quarter. 92.46% of the stock is currently owned by institutional investors and hedge funds.

Alchemy Investments Acquisition Corp 1 Company Profile

Alchemy Investments Acquisition Corp 1, a special purpose acquisition company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It plans to focus on companies acquiring, processing, analysing, and utilizing data acquired from various systems and sources.