Short Interest in Tuatara Capital Acquisition Co. (NASDAQ:TCAC) Grows By 135.6%

Tuatara Capital Acquisition Co. (NASDAQ:TCAC) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 31,100 shares, an increase of 135.6% from the December 15th total of 13,200 shares. Based on an average daily trading volume, of 75,800 shares, the short-interest ratio is currently 0.4 days.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Schonfeld Strategic Advisors LLC raised its holdings in Tuatara Capital Acquisition by 8.8% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 28,586 shares of the company’s stock valued at $278,000 after buying an additional 2,310 shares during the period. PEAK6 Investments LLC grew its position in Tuatara Capital Acquisition by 3.7% in the 3rd quarter. PEAK6 Investments LLC now owns 155,493 shares of the company’s stock valued at $1,513,000 after acquiring an additional 5,496 shares in the last quarter. Basso Capital Management L.P. grew its position in Tuatara Capital Acquisition by 5.5% in the 3rd quarter. Basso Capital Management L.P. now owns 114,817 shares of the company’s stock valued at $1,117,000 after acquiring an additional 5,974 shares in the last quarter. Geode Capital Management LLC acquired a new position in Tuatara Capital Acquisition in the 2nd quarter valued at about $112,000. Finally, Boothbay Fund Management LLC acquired a new position in Tuatara Capital Acquisition in the 2nd quarter valued at about $146,000.

Shares of TCAC opened at $9.87 on Friday. Tuatara Capital Acquisition has a 12-month low of $9.60 and a 12-month high of $10.12. The company’s 50-day moving average price is $9.86 and its 200 day moving average price is $9.76.

Tuatara Capital Acquisition Company Profile

Tuatara Capital Acquisition Corporation focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in New York, New York.

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