Short Interest in EF Hutton Acquisition Co. I (NASDAQ:EFHT) Expands By 22.2%

Posted by Xavier Holt on Sep 18th, 2023

EF Hutton Acquisition Co. I (NASDAQ:EFHT – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,100 shares, a growth of 22.2% from the August 15th total of 900 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 800 shares, the short-interest ratio is presently 1.4 days.

EF Hutton Acquisition Co. I Price Performance

Shares of EFHT remained flat at $10.58 during mid-day trading on Monday. The stock had a trading volume of 10 shares, compared to its average volume of 1,185. EF Hutton Acquisition Co. I has a 52 week low of $9.98 and a 52 week high of $11.37. The business’s fifty day moving average price is $10.45 and its 200-day moving average price is $10.34.

Institutional Investors Weigh In On EF Hutton Acquisition Co. I

Hedge funds have recently added to or reduced their stakes in the business. Yakira Capital Management Inc. acquired a new position in shares of EF Hutton Acquisition Co. I in the first quarter valued at $10,167,000. Oaktree Capital Management LP bought a new stake in shares of EF Hutton Acquisition Co. I during the 4th quarter worth about $9,919,000. Mangrove Partners bought a new stake in shares of EF Hutton Acquisition Co. I during the 4th quarter worth about $9,920,000. Boothbay Fund Management LLC acquired a new position in EF Hutton Acquisition Co. I in the 4th quarter valued at about $9,176,000. Finally, Periscope Capital Inc. raised its holdings in EF Hutton Acquisition Co. I by 133.0% in the 1st quarter. Periscope Capital Inc. now owns 582,437 shares of the company’s stock valued at $5,982,000 after acquiring an additional 332,437 shares during the period. Institutional investors and hedge funds own 20.91% of the company’s stock.

EF Hutton Acquisition Co. I Company Profile

(Get Free Report)

EF Hutton Acquisition Corporation I does not have significant operations. It intends to effect a merger, stock capital exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the consumer and retail industry. The company was incorporated in 2021 and is based in Hingham, Massachusetts.