FTAC Parnassus Acquisition Corp. (NASDAQ:FTPA) Sees Large Increase in Short Interest

FTAC Parnassus Acquisition Corp. (NASDAQ:FTPA) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 3,100 shares, an increase of 3,000.0% from the September 15th total of 100 shares. Based on an average daily trading volume, of 30,600 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

A number of institutional investors have recently modified their holdings of FTPA. Glazer Capital LLC purchased a new position in FTAC Parnassus Acquisition during the 2nd quarter valued at $41,000. Berkley W R Corp bought a new stake in shares of FTAC Parnassus Acquisition during the 2nd quarter valued at $623,000. Balyasny Asset Management LLC bought a new stake in shares of FTAC Parnassus Acquisition during the 2nd quarter valued at $1,464,000. Athos Capital Ltd bought a new stake in shares of FTAC Parnassus Acquisition during the 2nd quarter valued at $1,952,000. Finally, Beryl Capital Management LLC bought a new stake in shares of FTAC Parnassus Acquisition during the 2nd quarter valued at $2,224,000. 40.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ FTPA opened at $9.77 on Thursday. The business has a fifty day moving average price of $9.74. FTAC Parnassus Acquisition has a 52 week low of $9.62 and a 52 week high of $11.15.

FTAC Parnassus Acquisition Company Profile

FTAC Parnassus Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify technology and financial services technology companies. The company was formerly known as FTAC General Acquisition Corp.

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