Natural Order Acquisition Corp. (NASDAQ:NOAC) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 7,400 shares, a drop of 82.6% from the September 15th total of 42,600 shares. Based on an average daily trading volume, of 24,200 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.
A number of institutional investors have recently bought and sold shares of NOAC. Penserra Capital Management LLC acquired a new stake in shares of Natural Order Acquisition during the 2nd quarter valued at $52,000. HBK Investments L P lifted its holdings in Natural Order Acquisition by 0.9% during the 2nd quarter. HBK Investments L P now owns 756,672 shares of the company’s stock worth $7,400,000 after buying an additional 6,672 shares during the period. Radcliffe Capital Management L.P. acquired a new position in Natural Order Acquisition during the 2nd quarter worth about $107,000. Walleye Trading LLC acquired a new position in Natural Order Acquisition during the 2nd quarter worth about $134,000. Finally, TIG Advisors LLC acquired a new position in Natural Order Acquisition during the 1st quarter worth about $159,000. Hedge funds and other institutional investors own 48.88% of the company’s stock.
Shares of NOAC traded down $0.01 during mid-day trading on Thursday, reaching $9.79. The company’s stock had a trading volume of 100 shares, compared to its average volume of 68,916. Natural Order Acquisition has a 1-year low of $9.60 and a 1-year high of $11.80. The business has a 50-day simple moving average of $9.73 and a two-hundred day simple moving average of $9.84.
Natural Order Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus on companies that use plant-based, cell-based, or precision fermentation technologies to developing food products that eliminate animals from the food supply chain.
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