Hound Partners LLC decreased its position in shares of Qell Acquisition Corp. (NASDAQ:QELL) by 45.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,000 shares of the company’s stock after selling 125,000 shares during the period. Hound Partners LLC owned about 0.35% of Qell Acquisition worth $1,527,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in QELL. 683 Capital Management LLC purchased a new stake in Qell Acquisition during the 1st quarter worth $12,614,000. Weiss Asset Management LP purchased a new stake in Qell Acquisition during the 1st quarter worth $6,423,000. Atom Investors LP purchased a new stake in Qell Acquisition during the 1st quarter worth $3,476,000. VR Advisory Services Ltd purchased a new stake in Qell Acquisition during the 1st quarter worth $3,054,000. Finally, Sculptor Capital LP purchased a new stake in Qell Acquisition during the 4th quarter worth $3,558,000. 40.90% of the stock is currently owned by hedge funds and other institutional investors.
Qell Acquisition stock traded down $0.01 during midday trading on Thursday, hitting $9.96. 1,691 shares of the stock were exchanged, compared to its average volume of 253,211. Qell Acquisition Corp. has a 1 year low of $9.76 and a 1 year high of $15.53. The company has a 50 day simple moving average of $9.93.
Qell Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in in 2020 and is based in San Francisco, California.
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