Battery Future Acquisition Corp. (NYSE:BFAC) Sees Significant Drop in Short Interest

Battery Future Acquisition Corp. (NYSE:BFAC) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 100 shares, a drop of 95.8% from the May 31st total of 2,400 shares. Based on an average trading volume of 89,200 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Battery Future Acquisition

A number of institutional investors have recently made changes to their positions in the stock. Berkley W R Corp purchased a new position in shares of Battery Future Acquisition in the first quarter valued at approximately $1,669,000. Quarry LP purchased a new stake in shares of Battery Future Acquisition during the 4th quarter worth approximately $1,131,000. Robinson Capital Management LLC purchased a new stake in shares of Battery Future Acquisition during the 4th quarter worth approximately $753,000. Deltec Asset Management LLC purchased a new stake in shares of Battery Future Acquisition during the 4th quarter worth approximately $542,000. Finally, Karpus Management Inc. lifted its position in shares of Battery Future Acquisition by 77.5% during the 1st quarter. Karpus Management Inc. now owns 40,085 shares of the company’s stock worth $441,000 after buying an additional 17,500 shares during the last quarter. 74.70% of the stock is currently owned by institutional investors and hedge funds.

Battery Future Acquisition Stock Performance

Shares of BFAC opened at $11.04 on Friday. Battery Future Acquisition has a 1-year low of $9.60 and a 1-year high of $11.55. The firm has a 50-day simple moving average of $11.06 and a two-hundred day simple moving average of $10.99.

Battery Future Acquisition Company Profile

Battery Future Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to target assets or companies along the battery value chain.