Redwoods Acquisition (NASDAQ:RWOD) Trading Down 10.3%

Redwoods Acquisition Corp. (NASDAQ:RWOD) shares were down 10.3% during mid-day trading on Thursday . The company traded as low as $1.71 and last traded at $1.82. Approximately 489,033 shares traded hands during mid-day trading, an increase of 352% from the average daily volume of 108,185 shares. The stock had previously closed at $2.03.

Redwoods Acquisition Stock Performance

The company’s 50 day simple moving average is $5.39 and its 200 day simple moving average is $8.70.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Cowen AND Company LLC acquired a new position in shares of Redwoods Acquisition in the 4th quarter worth approximately $160,000. Clear Street LLC increased its holdings in shares of Redwoods Acquisition by 4,175.5% in the fourth quarter. Clear Street LLC now owns 73,154 shares of the company’s stock valued at $783,000 after buying an additional 71,443 shares in the last quarter. Berkley W R Corp lifted its position in shares of Redwoods Acquisition by 172.0% during the 1st quarter. Berkley W R Corp now owns 188,791 shares of the company’s stock valued at $2,260,000 after acquiring an additional 119,376 shares during the last quarter. Mizuho Securities USA LLC bought a new stake in shares of Redwoods Acquisition during the 4th quarter worth $2,134,000. Finally, Shaolin Capital Management LLC grew its holdings in shares of Redwoods Acquisition by 200.0% in the 3rd quarter. Shaolin Capital Management LLC now owns 500,000 shares of the company’s stock worth $5,335,000 after acquiring an additional 1,000,000 shares during the last quarter. Institutional investors and hedge funds own 20.07% of the company’s stock.

About Redwoods Acquisition

Redwoods Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. In intends to focus on businesses in the carbon neutral and energy storage industries.