FTAC Olympus Acquisition Corp. (NASDAQ:FTOC) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 690,800 shares, a decline of 17.1% from the March 31st total of 833,100 shares. Based on an average daily volume of 2,590,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.9% of the company’s stock are short sold.
Large investors have recently bought and sold shares of the stock. MUFG Americas Holdings Corp purchased a new stake in FTAC Olympus Acquisition in the 4th quarter worth about $258,000. Context Capital Management LLC acquired a new position in shares of FTAC Olympus Acquisition in the 4th quarter valued at about $3,296,000. Westchester Capital Management LLC purchased a new stake in shares of FTAC Olympus Acquisition in the fourth quarter worth approximately $8,498,000. Toronto Dominion Bank acquired a new stake in shares of FTAC Olympus Acquisition during the fourth quarter worth approximately $921,000. Finally, Hudson Bay Capital Management LP purchased a new position in FTAC Olympus Acquisition during the fourth quarter valued at approximately $30,566,000.
Shares of FTOC traded up $0.22 during mid-day trading on Tuesday, reaching $10.28. The company’s stock had a trading volume of 1,512,891 shares, compared to its average volume of 2,521,961. The company has a fifty day moving average price of $10.52. FTAC Olympus Acquisition has a 1 year low of $9.60 and a 1 year high of $14.50.
FTAC Olympus Acquisition Corp., a blank check company, focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Philadelphia, Pennsylvania.
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