Tuttle Capital Management LLC Invests $401,000 in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU)

Tuttle Capital Management LLC acquired a new stake in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU) during the fourth quarter, Holdings Channel.com reports. The firm acquired 40,000 shares of the company’s stock, valued at approximately $401,000. Malacca Straits Acquisition accounts for 2.4% of Tuttle Capital Management LLC’s portfolio, making the stock its 23rd biggest position.

Malacca Straits Acquisition Stock Performance

OTCMKTS:MLACU opened at $10.02 on Tuesday. Malacca Straits Acquisition Company Limited has a twelve month low of $10.00 and a twelve month high of $10.05. The company has a fifty day moving average of $10.35 and a 200-day moving average of $10.51.

Malacca Straits Acquisition Profile

Malacca Straits Acquisition Company Limited does not have significant business. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media, food processing, renewable energy, and healthcare industries.