Motive Capital Corp. (NYSE:MOTV) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 33,800 shares, a decrease of 96.7% from the September 15th total of 1,030,000 shares. Based on an average trading volume of 298,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Penserra Capital Management LLC acquired a new position in shares of Motive Capital during the second quarter valued at $77,000. Crescent Capital Consulting LLC acquired a new position in shares of Motive Capital during the third quarter valued at $92,000. Qube Research & Technologies Ltd acquired a new position in shares of Motive Capital during the second quarter valued at $223,000. Telemetry Investments L.L.C. increased its holdings in shares of Motive Capital by 9.1% during the second quarter. Telemetry Investments L.L.C. now owns 36,000 shares of the company’s stock valued at $352,000 after purchasing an additional 3,000 shares during the period. Finally, Paloma Partners Management Co acquired a new position in shares of Motive Capital during the first quarter valued at $503,000. Hedge funds and other institutional investors own 58.49% of the company’s stock.
Shares of Motive Capital stock remained flat at $$9.91 on Thursday. The stock had a trading volume of 11,466 shares, compared to its average volume of 353,728. The business’s 50-day simple moving average is $9.80 and its 200-day simple moving average is $9.79. Motive Capital has a 12 month low of $9.61 and a 12 month high of $10.87.
Motive Capital Corp intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was formerly known as MCF2 Acquisition Corp. and changed its name to Motive Capital Corp in November 2020.
Featured Article: Learning About the VIX – Volatility Index
Receive News & Ratings for Motive Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motive Capital and related companies with MarketBeat.com's FREE daily email newsletter.