Twin Ridge Capital Acquisition Corp. (NYSE:TRCA) Short Interest Update

Twin Ridge Capital Acquisition Corp. (NYSE:TRCA – Get Rating) saw a significant decrease in short interest in May. As of May 15th, there was short interest totalling 400 shares, a decrease of 50.0% from the April 30th total of 800 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 55,200 shares, the short-interest ratio is presently 0.0 days.

Twin Ridge Capital Acquisition Stock Down 0.3 %

Shares of NYSE TRCA traded down $0.03 on Friday, hitting $10.46. The company’s stock had a trading volume of 827 shares, compared to its average volume of 129,345. Twin Ridge Capital Acquisition has a 12-month low of $9.78 and a 12-month high of $10.88. The stock has a 50 day moving average of $10.30 and a 200-day moving average of $10.18.

Institutional Trading of Twin Ridge Capital Acquisition

Several institutional investors and hedge funds have recently modified their holdings of TRCA. Bank of America Corp DE purchased a new position in shares of Twin Ridge Capital Acquisition during the first quarter valued at approximately $79,000. Virtu Financial LLC lifted its stake in shares of Twin Ridge Capital Acquisition by 88.4% during the fourth quarter. Virtu Financial LLC now owns 21,933 shares of the company’s stock valued at $221,000 after buying an additional 10,292 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Twin Ridge Capital Acquisition by 4.3% during the first quarter. Hsbc Holdings PLC now owns 699,345 shares of the company’s stock valued at $6,840,000 after buying an additional 29,000 shares during the period. Saba Capital Management L.P. lifted its stake in shares of Twin Ridge Capital Acquisition by 48.9% during the first quarter. Saba Capital Management L.P. now owns 223,389 shares of the company’s stock valued at $2,187,000 after buying an additional 73,389 shares during the period. Finally, Weiss Asset Management LP purchased a new position in shares of Twin Ridge Capital Acquisition during the third quarter valued at approximately $991,000. Hedge funds and other institutional investors own 72.56% of the company’s stock.

Twin Ridge Capital Acquisition Company Profile

(Get Rating)

Twin Ridge Capital Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to identify, acquire, and build a company in the consumer or distribution sector.