Valuence Merger Corp. I (NASDAQ:VMCA – Get Rating) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 2,000 shares, a decrease of 16.7% from the March 31st total of 2,400 shares. Based on an average trading volume of 119,400 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Trading of Valuence Merger Corp. I

A number of hedge funds have recently added to or reduced their stakes in the company. Warberg Asset Management LLC boosted its holdings in Valuence Merger Corp. I by 9.7% during the third quarter. Warberg Asset Management LLC now owns 35,205 shares of the company's stock worth $359,000 after buying an additional 3,105 shares in the last quarter. Karpus Management Inc. boosted its holdings in Valuence Merger Corp. I by 11.7% during the third quarter. Karpus Management Inc. now owns 33,500 shares of the company's stock worth $341,000 after buying an additional 3,500 shares in the last quarter. Marshall Wace LLP boosted its holdings in Valuence Merger Corp. I by 0.9% during the third quarter. Marshall Wace LLP now owns 812,932 shares of the company's stock worth $8,283,000 after buying an additional 6,980 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Valuence Merger Corp. I during the second quarter worth $100,000. Finally, Centiva Capital LP purchased a new stake in Valuence Merger Corp. I during the second quarter worth $112,000. 67.39% of the stock is owned by hedge funds and other institutional investors.

Valuence Merger Corp. I Price Performance

VMCA stock opened at $10.58 on Friday. The firm's fifty day simple moving average is $10.53 and its 200-day simple moving average is $10.39. Valuence Merger Corp. I has a 12 month low of $9.97 and a 12 month high of $11.05.

Valuence Merger Corp. I Company Profile

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Valuence Merger Corp. I focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to identify, acquire, and operate a business in Asia with a focus on opportunities aligned with breakthrough technology in life sciences and sustainability technology themes.

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