Roth Ch Acquisition V (NASDAQ:ROCL) Trading Down 2.2% – Time to Sell?

Shares of Roth Ch Acquisition V Co. (NASDAQ:ROCL) traded down 2.2% on Monday . The stock traded as low as $11.31 and last traded at $11.38. 55,540 shares changed hands during trading, an increase of 362% from the average session volume of 12,029 shares. The stock had previously closed at $11.64.

Roth Ch Acquisition V Price Performance

The firm’s 50-day moving average price is $11.30 and its 200-day moving average price is $11.16.

Institutional Trading of Roth Ch Acquisition V

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Warberg Asset Management LLC purchased a new position in shares of Roth Ch Acquisition V during the second quarter valued at approximately $493,000. SkyView Investment Advisors LLC purchased a new stake in shares of Roth Ch Acquisition V in the first quarter worth $1,473,000. Finally, Cowen AND Company LLC increased its holdings in shares of Roth Ch Acquisition V by 317.1% during the second quarter. Cowen AND Company LLC now owns 235,000 shares of the company’s stock valued at $2,571,000 after acquiring an additional 178,653 shares in the last quarter. Hedge funds and other institutional investors own 21.90% of the company’s stock.

About Roth Ch Acquisition V

Roth Ch Acquisition V Co does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. It intends to acquire businesses in the business services, consumer, healthcare, technology, wellness, and sustainability sectors.