Valuence Merger Corp. I (NASDAQ:VMCA) Sees Large Decrease in Short Interest

Valuence Merger Corp. I (NASDAQ:VMCA) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 700 shares, a decline of 92.9% from the May 31st total of 9,900 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 22,600 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Valuence Merger Corp. I

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wolverine Asset Management LLC increased its stake in Valuence Merger Corp. I by 67.5% during the 4th quarter. Wolverine Asset Management LLC now owns 373,515 shares of the company’s stock worth $4,180,000 after buying an additional 150,474 shares during the period. Spartan Fund Management Inc. increased its stake in Valuence Merger Corp. I by 41.1% during the 1st quarter. Spartan Fund Management Inc. now owns 163,039 shares of the company’s stock worth $1,852,000 after buying an additional 47,518 shares during the period. K2 Principal Fund L.P. purchased a new stake in Valuence Merger Corp. I during the 1st quarter worth $1,670,000. Berkley W R Corp purchased a new stake in Valuence Merger Corp. I during the 1st quarter worth $3,393,000. Finally, Virtu Financial LLC purchased a new stake in Valuence Merger Corp. I during the 1st quarter worth $357,000. Institutional investors and hedge funds own 52.21% of the company’s stock.

Valuence Merger Corp. I Stock Performance

NASDAQ:VMCA opened at $11.46 on Friday. The firm’s fifty day simple moving average is $11.45 and its 200 day simple moving average is $11.34. Valuence Merger Corp. I has a twelve month low of $10.71 and a twelve month high of $11.85.

Valuence Merger Corp. I (NASDAQ:VMCA) last posted its earnings results on Thursday, March 28th. The company reported $0.09 earnings per share for the quarter.

Valuence Merger Corp. I Company Profile

Valuence Merger Corp. I does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to identify a business in Asia that is developing breakthrough technology in life sciences and/or advancing a platform for sustainable technology.