Chardan NextTech Acquisition 2 Corp. (NASDAQ:CNTQ – Get Rating) saw strong growth in short-term interest during the month of September. As of September 15, there were short interests totaling 22,100 shares, a growth of 25.6% from the total of 17,600 shares as of August 31. Based on an average daily trading volume of 41,700 shares, the short interest ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are sold short.
Hedge funds weigh on Chardan NextTech 2 acquisition
Several institutional investors have recently increased or reduced their stake in the stock. Cubist Systematic Strategies LLC acquired a new position in Chardan NextTech Acquisition 2 during Q2 worth approximately $365,000. Millennium Management LLC increased its stake in Chardan NextTech Acquisition 2 by 222.4% in the 2nd quarter. Millennium Management LLC now owns 354,611 shares of the company valued at $3,599,000 after purchasing an additional 244,611 shares last quarter. Hudson Bay Capital Management LP increased its stake in the shares of Chardan NextTech Acquisition 2 by 25.0% during the 2nd quarter. Hudson Bay Capital Management LP now owns 750,000 shares of the company worth $7,590,000 after purchasing an additional 150,000 shares during the period. Bank of Montreal Can increased its stake in the shares of Chardan NexTech Acquisition 2 by 360.0% during the 2nd quarter. Bank of Montreal Can now owns 460,000 shares of the company worth $4,669,000 after purchasing an additional 360,000 shares during the period. Finally, OLD Mission Capital LLC increased its equity stake in Chardan NextTech Acquisition 2 by 32.2% during the 2nd quarter. OLD Mission Capital LLC now owns 26,818 shares of the company worth $271,000 after purchasing an additional 6,536 shares during the period. Institutional investors and hedge funds own 73.16% of the company’s shares.
Price performance of the acquisition of Chardan NextTech 2
Chardan NextTech Acquisition 2 stock opened at $10.29 on Friday. Chardan NextTech Acquisition 2 has a fifty-two week low of $9.93 and a fifty-two week high of $11.14. The stock has a 50-day simple moving average of $10.26 and a 200-day simple moving average of $10.15.
Chardan NextTech Acquisition 2 Company Profile
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Chardan NextTech Acquisition 2 Corp. has no significant activities. The Company is focused on completing a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more companies. He intends to focus on companies in the financial services, healthcare, real estate services, technology and software sectors.
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