Willow Lane Acquisition Corp. – Class A Ordinary Shares (NASDAQ:WLAC) Sees Large Increase in Short Interest

Willow Lane Acquisition Corp. – Class A Ordinary Shares (NASDAQ:WLAC) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 23,250 shares, an increase of 248.0% from the November 30th total of 6,681 shares. Based on an average daily volume of 186,076 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 186,076 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Canaccord Genuity Group lifted their target price on shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. DA Davidson increased their target price on Willow Lane Acquisition Corp. – Class A Ordinary Shares from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.00.

Willow Lane Acquisition Corp. – Class A Ordinary Shares Price Performance

Shares of NASDAQ:WLAC opened at $12.74 on Thursday. Willow Lane Acquisition Corp. – Class A Ordinary Shares has a 1-year low of $9.80 and a 1-year high of $15.19. The business’s 50 day moving average is $12.14 and its 200-day moving average is $11.24.

Willow Lane Acquisition Corp. – Class A Ordinary Shares (NASDAQ:WLAC) last issued its earnings results on Wednesday, November 12th. The company reported $0.05 EPS for the quarter.

Hedge Funds Weigh In On Willow Lane Acquisition Corp. – Class A Ordinary Shares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Clear Street Group Inc. acquired a new position in Willow Lane Acquisition Corp. – Class A Ordinary Shares during the third quarter worth $85,000. Clear Street LLC grew its holdings in Willow Lane Acquisition Corp. – Class A Ordinary Shares by 108.0% during the 2nd quarter. Clear Street LLC now owns 10,405 shares of the company’s stock worth $106,000 after acquiring an additional 5,403 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Willow Lane Acquisition Corp. – Class A Ordinary Shares in the 3rd quarter valued at about $172,000. Radcliffe Capital Management L.P. bought a new position in shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares in the second quarter worth about $294,000. Finally, Virtu Financial LLC lifted its position in shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares by 97.6% during the third quarter. Virtu Financial LLC now owns 44,907 shares of the company’s stock worth $520,000 after purchasing an additional 22,176 shares in the last quarter.

About Willow Lane Acquisition Corp. – Class A Ordinary Shares

Willow Lane Acquisition Corp. is a special purpose acquisition company incorporated in Delaware and listed on the Nasdaq under the ticker WLAC. As a blank check vehicle, the company does not conduct operations of its own but instead seeks to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.

The company was sponsored by Willow Lane Capital Partners, an investment firm with a focus on private equity and corporate development.