FutureTech II Acquisition Corp. (NASDAQ:FTII) Short Interest Down 9.1% in March

Posted by Xavier Holt on Apr 17th, 2024

FutureTech II Acquisition Corp. (NASDAQ:FTII – Get Free Report) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 3,000 shares, a drop of 9.1% from the March 15th total of 3,300 shares. Based on an average daily trading volume, of 23,700 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schonfeld Strategic Advisors LLC bought a new position in FutureTech II Acquisition during the 1st quarter valued at approximately $116,000. Tuttle Capital Management LLC bought a new stake in shares of FutureTech II Acquisition in the 4th quarter worth $130,000. Cubist Systematic Strategies LLC bought a new stake in shares of FutureTech II Acquisition in the 2nd quarter worth $199,000. Walleye Trading LLC bought a new stake in shares of FutureTech II Acquisition in the 2nd quarter worth $264,000. Finally, Centiva Capital LP bought a new stake in shares of FutureTech II Acquisition in the 2nd quarter worth $297,000. Institutional investors own 65.83% of the company’s stock.

FutureTech II Acquisition Stock Performance

Shares of NASDAQ:FTII remained flat at $11.14 during trading on Wednesday. FutureTech II Acquisition has a 52 week low of $10.47 and a 52 week high of $12.12. The business has a 50-day moving average of $11.11 and a 200-day moving average of $10.98.

FutureTech II Acquisition Company Profile

(Get Free Report)

FutureTech II Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire and manage a business in the technology industry.