Four Leaf Acquisition Co. (NASDAQ:FORL) Sees Significant Increase in Short Interest

Four Leaf Acquisition Co. (NASDAQ:FORL) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 9,600 shares, a growth of 31.5% from the December 15th total of 7,300 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 6,000 shares, the days-to-cover ratio is presently 1.6 days.

Hedge Funds Weigh In On Four Leaf Acquisition

A number of hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in shares of Four Leaf Acquisition during the third quarter worth $206,000. Clear Street LLC acquired a new stake in Four Leaf Acquisition during the second quarter worth about $320,000. SkyView Investment Advisors LLC acquired a new stake in Four Leaf Acquisition during the second quarter worth about $383,000. Berkley W R Corp acquired a new position in Four Leaf Acquisition in the third quarter valued at approximately $1,456,000. Finally, K2 Principal Fund L.P. acquired a new position in Four Leaf Acquisition in the second quarter valued at approximately $1,587,000. Institutional investors and hedge funds own 72.96% of the company’s stock.

Four Leaf Acquisition Trading Down 0.1 %

Shares of FORL opened at $11.09 on Friday. Four Leaf Acquisition has a 52 week low of $10.58 and a 52 week high of $11.29. The stock has a 50 day moving average of $11.07 and a 200-day moving average of $11.02.

About Four Leaf Acquisition

Four Leaf Acquisition Corporation does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to acquire the Internet of Things business.