Feutune Light Acquisition Co. (NASDAQ:FLFV – Get Free Report) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,000 shares, a decrease of 68.8% from the January 15th total of 3,200 shares. Based on an average trading volume of 22,000 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.
Feutune Light Acquisition Price Performance
FLFV stock remained flat at $10.88 on Monday. The company had a trading volume of 1,452 shares, compared to its average volume of 59,408. The company has a fifty day moving average of $10.82 and a two-hundred day moving average of $10.75. Feutune Light Acquisition has a 52-week low of $10.28 and a 52-week high of $12.01.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of FLFV. Two Sigma Investments LP acquired a new stake in Feutune Light Acquisition in the third quarter valued at $2,114,000. Aristeia Capital LLC grew its holdings in Feutune Light Acquisition by 4.4% in the fourth quarter. Aristeia Capital LLC now owns 470,000 shares of the company’s stock valued at $4,780,000 after purchasing an additional 20,000 shares during the last quarter. Shaolin Capital Management LLC grew its holdings in Feutune Light Acquisition by 10.1% in the fourth quarter. Shaolin Capital Management LLC now owns 382,400 shares of the company’s stock valued at $3,889,000 after purchasing an additional 35,000 shares during the last quarter. Glazer Capital LLC acquired a new stake in Feutune Light Acquisition in the first quarter valued at $5,683,000. Finally, Sea Otter Advisors LLC acquired a new stake in Feutune Light Acquisition in the first quarter valued at $589,000. Institutional investors and hedge funds own 41.63% of the company’s stock.
Feutune Light Acquisition Company Profile
Feutune Light Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2022 and is based in Metuchen, New Jersey.
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