Northern Genesis Acquisition Corp. III (NYSE:NGC – Get Rating) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 5,500 shares, an increase of 189.5% from the June 15th total of 1,900 shares. Based on an average daily volume of 5,900 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.0% of the shares of the company are sold short.
Northern Genesis Acquisition Corp. III Stock Performance
Northern Genesis Acquisition Corp. III stock opened at $9.79 on Friday. The business has a 50-day simple moving average of $9.77 and a two-hundred day simple moving average of $9.75. Northern Genesis Acquisition Corp. III has a 52-week low of $9.51 and a 52-week high of $10.00.
Get Northern Genesis Acquisition Corp. III alerts:Institutional Investors Weigh In On Northern Genesis Acquisition Corp. III
A number of large investors have recently made changes to their positions in the company. Hsbc Holdings PLC lifted its position in shares of Northern Genesis Acquisition Corp. III by 2.3% during the 1st quarter. Hsbc Holdings PLC now owns 829,823 shares of the company's stock valued at $8,124,000 after buying an additional 18,607 shares in the last quarter. Basso Capital Management L.P. purchased a new position in shares of Northern Genesis Acquisition Corp. III during the 1st quarter valued at about $100,000. Finally, Eisler Capital UK Ltd. lifted its holdings in Northern Genesis Acquisition Corp. III by 338.9% in the 4th quarter. Eisler Capital UK Ltd. now owns 287,232 shares of the company's stock worth $2,795,000 after purchasing an additional 221,794 shares in the last quarter. 60.58% of the stock is currently owned by institutional investors.
Northern Genesis Acquisition Corp. III Company Profile
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Northern Genesis Acquisition Corp. III does not have significant operations. It focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Kansas City, Missouri.
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