Short Interest in Atlantic Coastal Acquisition Corp. (NASDAQ:ACAH) Increases By 8,250.8%

Atlantic Coastal Acquisition Corp. (NASDAQ:ACAH) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 492,700 shares, a growth of 8,250.8% from the December 15th total of 5,900 shares. Based on an average trading volume of 163,100 shares, the short-interest ratio is currently 3.0 days. Approximately 1.4% of the shares of the company are sold short.

Institutional investors and hedge funds have recently bought and sold shares of the company. Hartree Partners LP bought a new stake in shares of Atlantic Coastal Acquisition in the 2nd quarter worth $2,898,000. Ancora Advisors LLC bought a new stake in shares of Atlantic Coastal Acquisition in the 2nd quarter worth $726,000. Balyasny Asset Management LLC bought a new stake in shares of Atlantic Coastal Acquisition in the 2nd quarter worth $1,449,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Atlantic Coastal Acquisition during the second quarter worth $773,000. Finally, Atalaya Capital Management LP acquired a new stake in shares of Atlantic Coastal Acquisition during the second quarter worth $1,688,000.

ACAH opened at $9.86 on Friday. Atlantic Coastal Acquisition has a one year low of $9.61 and a one year high of $9.99. The stock’s fifty day moving average is $9.81 and its 200-day moving average is $9.73.

About Atlantic Coastal Acquisition

Atlantic Coastal Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in San Francisco, California.

Further Reading: Death Cross

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