Battery Future Acquisition Corp. (NYSE:BFAC) Short Interest Down 83.3% in November

Battery Future Acquisition Corp. (NYSE:BFAC) saw a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 200 shares, a decline of 83.3% from the October 31st total of 1,200 shares. Based on an average daily trading volume, of 9,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Battery Future Acquisition Price Performance

Shares of BFAC stock traded down $0.01 during trading hours on Friday, reaching $11.11. 449 shares of the stock were exchanged, compared to its average volume of 44,600. Battery Future Acquisition has a 12-month low of $10.78 and a 12-month high of $11.55. The company’s 50-day moving average price is $11.11 and its 200-day moving average price is $11.09.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BFAC. Spartan Fund Management Inc. boosted its stake in shares of Battery Future Acquisition by 11,925.4% during the second quarter. Spartan Fund Management Inc. now owns 50,747 shares of the company’s stock valued at $561,000 after purchasing an additional 50,325 shares during the period. Berkley W R Corp lifted its holdings in Battery Future Acquisition by 30.6% during the 2nd quarter. Berkley W R Corp now owns 198,180 shares of the company’s stock valued at $2,188,000 after buying an additional 46,421 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its position in Battery Future Acquisition by 95.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 313,872 shares of the company’s stock valued at $3,468,000 after buying an additional 153,672 shares during the period. Hedge funds and other institutional investors own 74.70% of the company’s stock.

Battery Future Acquisition Company Profile

Battery Future Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to target assets or companies along the battery value chain.