Highview Merger Corp. (NASDAQ:HVMC – Get Free Report) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 4,119 shares, a decline of 64.8% from the July 15th total of 11,704 shares. Based on an average trading volume of 161,159 shares, the short-interest ratio is presently 0.0 days.
Institutional Trading of Highview Merger
Large investors have recently added to or reduced their stakes in the business. Adage Capital Partners GP L.L.C. bought a new position in Highview Merger in the 4th quarter worth $18,000,000. AQR Arbitrage LLC purchased a new stake in Highview Merger in the fourth quarter worth about $12,682,000. Alberta Investment Management Corp bought a new position in shares of Highview Merger in the fourth quarter worth about $12,500,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Highview Merger during the 4th quarter valued at about $10,000,000. Finally, Magnetar Financial LLC bought a new position in shares of Highview Merger during the 4th quarter valued at approximately $9,293,000.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of Highview Merger from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Highview Merger Trading Up 0.7%
NASDAQ:HVMC traded up $0.07 during trading hours on Friday, reaching $10.29. The company had a trading volume of 10 shares, compared to its average volume of 65,270. Highview Merger has a 52 week low of $9.93 and a 52 week high of $10.22. The company’s 50 day simple moving average is $10.19.
Highview Merger (NASDAQ:HVMC – Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter.
About Highview Merger
We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.
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