Dune Acquisition Co. (NASDAQ:DUNE) Short Interest Down 38.0% in August

Dune Acquisition Co. (NASDAQ:DUNE) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 15,800 shares, a decline of 38.0% from the August 15th total of 25,500 shares. Based on an average daily trading volume, of 26,000 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC acquired a new position in Dune Acquisition during the first quarter worth about $998,000. Basso Capital Management L.P. purchased a new position in Dune Acquisition in the 1st quarter worth approximately $6,371,000. JPMorgan Chase & Co. acquired a new position in shares of Dune Acquisition during the 1st quarter worth approximately $2,119,000. Ibex Investors LLC purchased a new stake in shares of Dune Acquisition in the first quarter valued at approximately $244,000. Finally, PEAK6 Investments LLC acquired a new stake in shares of Dune Acquisition in the first quarter valued at approximately $976,000. Institutional investors own 68.40% of the company’s stock.

Shares of NASDAQ:DUNE traded up $0.05 during trading on Monday, reaching $9.86. The stock had a trading volume of 22,790 shares, compared to its average volume of 57,134. Dune Acquisition has a 1-year low of $9.51 and a 1-year high of $10.24. The business has a fifty day moving average price of $9.78 and a 200-day moving average price of $9.78.

Dune Acquisition Company Profile

Dune Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2020 and is based in West Palm Beach, Florida.

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