Moringa Acquisition Corp (NASDAQ:MACA – Get Rating) shares rose 2.2% during trading on Thursday . The company traded as high as $10.54 and last traded at $10.54. Approximately 201 shares were traded during trading, a decline of 99% from the average daily volume of 37,285 shares. The stock had previously closed at $10.31.

Moringa Acquisition Trading Up 2.2 %

The business's fifty day simple moving average is $10.22 and its 200 day simple moving average is $10.09.

Hedge Funds Weigh In On Moringa Acquisition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Berkley W R Corp boosted its holdings in Moringa Acquisition by 6.3% during the fourth quarter. Berkley W R Corp now owns 104,568 shares of the company's stock worth $1,053,000 after buying an additional 6,203 shares during the last quarter. Silverback Asset Management LLC bought a new position in Moringa Acquisition during the fourth quarter worth about $101,000. Sanders Morris Harris LLC acquired a new stake in Moringa Acquisition in the third quarter worth $104,000. Susquehanna International Group LLP raised its holdings in Moringa Acquisition by 41.2% in the fourth quarter. Susquehanna International Group LLP now owns 36,942 shares of the company's stock worth $374,000 after purchasing an additional 10,788 shares during the period. Finally, Ergoteles LLC acquired a new stake in Moringa Acquisition in the third quarter worth $109,000. Institutional investors own 65.96% of the company's stock.

About Moringa Acquisition

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Moringa Acquisition Corp does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. It focuses on pursuing opportunities in technology-based businesses or industries in Israel.

Further Reading

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