Short Interest in Four Leaf Acquisition Co. (NASDAQ:FORL) Declines By 54.2%

Four Leaf Acquisition Co. (NASDAQ:FORL) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 2,700 shares, a drop of 54.2% from the February 28th total of 5,900 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,500 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Trading of Four Leaf Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in FORL. Virtu Financial LLC acquired a new position in Four Leaf Acquisition during the third quarter worth $206,000. Berkley W R Corp acquired a new position in shares of Four Leaf Acquisition during the 3rd quarter worth about $1,456,000. Finally, Toronto Dominion Bank bought a new position in shares of Four Leaf Acquisition in the 4th quarter valued at about $2,158,000. 72.96% of the stock is currently owned by institutional investors and hedge funds.

Four Leaf Acquisition Price Performance

Shares of NASDAQ:FORL remained flat at $11.30 during mid-day trading on Friday. The company’s 50 day moving average is $11.23 and its 200-day moving average is $11.11. Four Leaf Acquisition has a 12-month low of $10.69 and a 12-month high of $11.34.

Four Leaf Acquisition Company Profile

Four Leaf Acquisition Corporation does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to acquire the Internet of Things business.