EG Acquisition Corp. (NYSE:EGGF – Get Ranking) was the recipient of a major decrease in limited desire in the month of March. As of March 31st, there was small desire totalling 1,200 shares, a decrease of 45.5% from the March 15th complete of 2,200 shares. Based mostly on an normal each day volume of 38,800 shares, the times-to-cover ratio is presently . times.
Institutional traders and hedge resources have lately extra to or lowered their stakes in the business. Oaktree Capital Administration LP bought a new stake in EG Acquisition for the duration of the third quarter worthy of around $1,456,000. Dark Forest Funds Management LP procured a new placement in shares of EG Acquisition in the third quarter valued at $468,000. D. E. Shaw & Co. Inc. boosted its stake in shares of EG Acquisition by 1,979.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 744,067 shares of the company’s inventory valued at $7,232,000 right after buying an added 708,280 shares during the time period. Cubist Systematic Tactics LLC bought a new situation in shares of EG Acquisition in the fourth quarter valued at $9,628,000. At last, Oribel Capital Management LP boosted its stake in shares of EG Acquisition by 2.9% in the fourth quarter. Oribel Cash Administration LP now owns 500,000 shares of the company’s inventory valued at $4,860,000 right after acquiring an extra 14,164 shares in the course of the time period. Institutional buyers personal 51.88% of the company’s stock.
EGGF remained flat at $$9.73 through trading on Friday. 148,953 shares of the company’s inventory traded palms, as opposed to its typical quantity of 57,494. EG Acquisition has a 12 month small of $9.59 and a 12 thirty day period significant of $9.95. The stock’s 50-day shifting average is $9.70 and its 200 day transferring typical is $9.71.
About EG Acquisition (Get Rating)
EG Acquisition Corp., a blank verify business, intends to outcome a merger, funds inventory trade, asset acquisition, inventory acquire, reorganization, or linked company combination with one particular or much more enterprises, which we refer to as our first enterprise combination. The organization was incorporated in 2021 and is centered in New York, New York.
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