The short stake in Jiya Acquisition Corp. (NASDAQ:JYAC) declines 25.0%
Jiya Acquisition Corp. (NASDAQ:JYAC – Get Rating) saw a sharp decline in short-term interest in September. As of September 15, there was short interest totaling 600 shares, down 25.0% from the August 31 total of 800 shares. Based on an average daily trading volume of 16,000 shares, the day-to-cover ratio is currently 0.0 day. Approximately 0.0% of the company’s shares are sold short.
Jiya acquisition price performance
JYAC stock was flat at $9.97 during midday trading on Friday. 4,290 shares of the company were traded, against an average volume of 48,741. The company has a 50-day moving average of $9.94 and a 200-day moving average of $9.89. Jiya Acquisition has a 12-month low of $9.74 and a 12-month high of $10.00.
Institutional negotiation of the acquisition of Jiya
A number of large investors have recently changed their holdings in JYAC. Beryl Capital Management LLC purchased a new stake in shares of Jiya Acquisition in the fourth quarter worth approximately $343,000. Integrity Capital Management HK Ltd purchased a new equity stake from Jiya Acquisition in Q1 for approximately $49,000. Wolverine Asset Management LLC increased its stake in shares of Jiya Acquisition by 13.7% during the first quarter. Wolverine Asset Management LLC now owns 117,882 shares of the company valued at $1,158,000 after purchasing an additional 14,247 shares last quarter. Arena Investors LP acquired a new position in Jiya Acquisition during the first quarter worth approximately $45,000. Finally, Context Capital Management LLC bought a new position in Jiya Acquisition in the first quarter worth approximately $2,949,000. Hedge funds and other institutional investors hold 95.03% of the company’s shares.
Jiya Acquisition Company Profile
(Get a rating)
Jiya Acquisition Corp. has no significant activities. The company intends to effect a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities of the biopharmaceutical sector. Jiya Acquisition Corp.
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