Four Leaf Acquisition Co. (NASDAQ:FORL) Short Interest Update

Four Leaf Acquisition Co. (NASDAQ:FORL) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 9,600 shares, an increase of 31.5% from the December 31st total of 7,300 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 6,000 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Trading of Four Leaf Acquisition

Several institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Four Leaf Acquisition in the third quarter worth $206,000. Berkley W R Corp purchased a new position in shares of Four Leaf Acquisition during the third quarter worth about $1,456,000. Finally, Wolverine Asset Management LLC grew its stake in Four Leaf Acquisition by 13.0% in the 3rd quarter. Wolverine Asset Management LLC now owns 260,886 shares of the company’s stock worth $2,870,000 after buying an additional 29,964 shares in the last quarter. 72.96% of the stock is currently owned by hedge funds and other institutional investors.

Four Leaf Acquisition Stock Performance

FORL traded down $0.03 during trading on Thursday, reaching $11.19. 1,408 shares of the company were exchanged, compared to its average volume of 865. Four Leaf Acquisition has a 12-month low of $10.60 and a 12-month high of $11.29. The company’s 50-day moving average is $11.09 and its two-hundred day moving average is $11.03.

Four Leaf Acquisition Company Profile

Four Leaf Acquisition Corporation does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to acquire the Internet of Things business.