Northern Genesis Acquisition Corp. III (NYSE:NGC – Get Rating) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 200 shares, a decline of 99.4% from the August 15th total of 32,900 shares. Based on an average daily volume of 20,600 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Northern Genesis Acquisition Corp. III

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Basso Capital Management L.P. bought a new position in Northern Genesis Acquisition Corp. III in the 1st quarter valued at approximately $100,000. Bank of Montreal Can bought a new position in shares of Northern Genesis Acquisition Corp. III during the 2nd quarter valued at $1,228,000. Eisler Capital UK Ltd. lifted its holdings in shares of Northern Genesis Acquisition Corp. III by 338.9% during the 4th quarter. Eisler Capital UK Ltd. now owns 287,232 shares of the company's stock valued at $2,795,000 after buying an additional 221,794 shares during the period. Parallax Volatility Advisers L.P. lifted its holdings in shares of Northern Genesis Acquisition Corp. III by 15.1% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 301,604 shares of the company's stock valued at $2,956,000 after buying an additional 39,455 shares during the period. Finally, Myriad Asset Management US LP bought a new position in shares of Northern Genesis Acquisition Corp. III during the 2nd quarter valued at $4,900,000. Hedge funds and other institutional investors own 72.43% of the company's stock.

Northern Genesis Acquisition Corp. III Price Performance

Shares of NGC stock opened at $9.80 on Wednesday. The business has a 50-day moving average price of $9.81 and a two-hundred day moving average price of $9.78. Northern Genesis Acquisition Corp. III has a 12-month low of $9.62 and a 12-month high of $9.95.

About Northern Genesis Acquisition Corp. III

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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