Newbridge Acquisition Ltd (NASDAQ:NBRGU) Short Interest Up ? in August

Newbridge Acquisition Ltd (NASDAQ:NBRGU) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 165 shares, an increase of ? from the August 15th total of 0 shares. Based on an average daily trading volume, of 1,327 shares, the short-interest ratio is presently 0.1 days.

Newbridge Acquisition Price Performance

Shares of Newbridge Acquisition stock opened at $10.23 on Thursday. Newbridge Acquisition has a 1 year low of $9.93 and a 1 year high of $11.04. The stock has a 50-day moving average price of $10.20 and a 200 day moving average price of $10.14.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Newbridge Acquisition stock. Robinson Capital Management LLC raised its stake in shares of Newbridge Acquisition Ltd (NASDAQ:NBRGU) by 100.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,500 shares of the company’s stock after buying an additional 15,250 shares during the period. Robinson Capital Management LLC’s holdings in Newbridge Acquisition were worth $314,000 as of its most recent SEC filing.

About Newbridge Acquisition

Newbridge Acquisition (NASDAQ: NBRGU) is a special purpose acquisition company (SPAC), commonly referred to as a blank?check company, formed to raise capital through an initial public offering with the objective of effecting a merger, share exchange, asset acquisition or similar business combination. As a SPAC, its principal business activity is to identify and complete an acquisition that will allow a private operating company to become publicly listed through a business combination rather than a traditional IPO process.

The company’s securities trade as units on the Nasdaq under the ticker NBRGU, representing the SPAC vehicle prior to any separation of underlying securities or consummation of a business combination.