Moringa Acquisition Corp (NASDAQ:MACAW – Get Rating) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 9,800 shares, an increase of 10.1% from the February 28th total of 8,900 shares. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is presently 2.5 days.

Institutional Investors Weigh In On Moringa Acquisition

An institutional investor recently bought a new position in Moringa Acquisition stock. Aristeia Capital LLC bought a new position in Moringa Acquisition Corp (NASDAQ:MACAW – Get Rating) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 242,174 shares of the company's stock, valued at approximately $53,000.

Moringa Acquisition Price Performance

Shares of MACAW opened at $0.09 on Friday. Moringa Acquisition has a 52-week low of $0.02 and a 52-week high of $0.27. The stock has a fifty day simple moving average of $0.12 and a two-hundred day simple moving average of $0.09.

Further Reading

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