Valuence Merger Corp. I (NASDAQ:VMCA) Short Interest Update

Valuence Merger Corp. I (NASDAQ:VMCA) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 500 shares, an increase of 66.7% from the August 15th total of 300 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 2,100 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Logan Stone Capital LLC bought a new stake in Valuence Merger Corp. I in the 2nd quarter worth $176,000. Clear Street LLC purchased a new stake in shares of Valuence Merger Corp. I during the second quarter worth about $170,000. Condor Capital Management bought a new stake in shares of Valuence Merger Corp. I in the second quarter worth about $171,000. Virtu Financial LLC bought a new stake in shares of Valuence Merger Corp. I in the first quarter worth about $357,000. Finally, Berkley W R Corp purchased a new position in Valuence Merger Corp. I during the 1st quarter valued at about $3,393,000. 52.21% of the stock is owned by hedge funds and other institutional investors.

Valuence Merger Corp. I Trading Down 0.1 %

VMCA opened at $11.49 on Friday. Valuence Merger Corp. I has a 12 month low of $10.95 and a 12 month high of $11.69. The business’s 50-day moving average price is $11.50 and its 200-day moving average price is $11.44.

Valuence Merger Corp. I (NASDAQ:VMCA) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.02 earnings per share (EPS) for the quarter.

About Valuence Merger Corp. I

Valuence Merger Corp. I does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in developing breakthrough technology in life sciences and/or advancing a platform for sustainable technology in Asia.