Hudson Acquisition I Corp. (NASDAQ:HUDA) Sees Significant Increase in Short Interest

Hudson Acquisition I Corp. (NASDAQ:HUDA) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 8,600 shares, an increase of 4,200.0% from the May 31st total of 200 shares. Based on an average daily volume of 32,000 shares, the short-interest ratio is presently 0.3 days. Currently, 0.9% of the shares of the company are sold short.

Hudson Acquisition I Price Performance

Shares of NASDAQ HUDA opened at $13.46 on Friday. The company’s fifty day moving average price is $12.47 and its 200 day moving average price is $11.25. Hudson Acquisition I has a 1 year low of $10.37 and a 1 year high of $23.30.

Institutional Investors Weigh In On Hudson Acquisition I

Hedge funds have recently modified their holdings of the company. Robinson Capital Management LLC acquired a new position in Hudson Acquisition I in the 3rd quarter worth about $170,000. Tuttle Capital Management LLC acquired a new position in shares of Hudson Acquisition I during the 1st quarter worth approximately $318,000. Warberg Asset Management LLC purchased a new position in shares of Hudson Acquisition I during the 4th quarter valued at approximately $742,000. K2 Principal Fund L.P. acquired a new stake in Hudson Acquisition I in the 1st quarter valued at $1,240,000. Finally, Crystalline Management Inc. purchased a new stake in Hudson Acquisition I in the 4th quarter worth $1,590,000. 48.44% of the stock is owned by hedge funds and other institutional investors.

Hudson Acquisition I Company Profile

Hudson Acquisition I Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.