Short Interest in E.Merge Technology Acquisition Corp. (NASDAQ:ETAC) Drops By 51.5%

E.Merge Technology Acquisition Corp. (NASDAQ:ETAC) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 62,400 shares, a decline of 51.5% from the September 15th total of 128,700 shares. Based on an average daily trading volume, of 135,300 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.

E.Merge Technology Acquisition stock opened at $9.82 on Thursday. E.Merge Technology Acquisition has a 1 year low of $9.53 and a 1 year high of $11.00. The firm’s 50 day moving average price is $9.78 and its two-hundred day moving average price is $9.78.

A number of institutional investors have recently bought and sold shares of the business. Aristeia Capital LLC grew its position in E.Merge Technology Acquisition by 405.0% in the first quarter. Aristeia Capital LLC now owns 3,389,646 shares of the company’s stock worth $33,049,000 after buying an additional 2,718,389 shares during the last quarter. Periscope Capital Inc. grew its position in E.Merge Technology Acquisition by 41.8% during the 1st quarter. Periscope Capital Inc. now owns 2,757,381 shares of the company’s stock worth $26,885,000 after purchasing an additional 812,681 shares in the last quarter. Fort Baker Capital Management LP grew its position in E.Merge Technology Acquisition by 103.5% during the 1st quarter. Fort Baker Capital Management LP now owns 2,402,314 shares of the company’s stock worth $23,422,000 after purchasing an additional 1,221,685 shares in the last quarter. Citadel Advisors LLC grew its position in E.Merge Technology Acquisition by 11.8% during the 1st quarter. Citadel Advisors LLC now owns 1,956,441 shares of the company’s stock worth $19,075,000 after purchasing an additional 206,441 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in E.Merge Technology Acquisition by 248.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,260,442 shares of the company’s stock worth $12,289,000 after purchasing an additional 898,450 shares in the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

E.Merge Technology Acquisition Company Profile

E.Merge Technology Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with other businesses. The company was incorporated in 2020 and is based in Burlingame, California.

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