Willow Lane Acquisition Corp. (NASDAQ:WLACU – Get Free Report) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 288 shares, a growth of 278.9% from the April 15th total of 76 shares. Based on an average daily volume of 77 shares, the days-to-cover ratio is currently 3.7 days.
Willow Lane Acquisition Trading Down 1.3%
WLACU traded down $0.38 during trading on Friday, reaching $28.00. The company had a trading volume of 72 shares, compared to its average volume of 3,120. Willow Lane Acquisition has a 12-month low of $10.12 and a 12-month high of $28.38. The firm’s 50-day simple moving average is $15.81 and its 200 day simple moving average is $14.45.
Willow Lane Acquisition Company Profile
Willow Lane Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. The company completed its initial public offering in 2021, raising capital through the issuance of units that trade on the Nasdaq under the ticker WLACU.
As a blank check company, Willow Lane Acquisition holds the proceeds of its IPO in a trust account while it seeks out potential targets.
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