Focus Impact Acquisition Corp. (NASDAQ:FIAC) Short Interest Up 40.0% in September

Focus Impact Acquisition Corp. (NASDAQ:FIAC) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 2,100 shares, an increase of 40.0% from the September 15th total of 1,500 shares. Based on an average trading volume of 6,500 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

Focus Impact Acquisition Stock Performance

FIAC opened at $9.51 on Tuesday. Focus Impact Acquisition has a 52-week low of $9.20 and a 52-week high of $14.08. The firm’s 50-day moving average price is $10.96 and its 200-day moving average price is $11.07.

Hedge Funds Weigh In On Focus Impact Acquisition

An institutional investor recently bought a new position in Focus Impact Acquisition stock. Wolverine Asset Management LLC purchased a new position in Focus Impact Acquisition Corp. (NASDAQ:FIAC) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 97,500 shares of the company’s stock, valued at approximately $1,087,000. Wolverine Asset Management LLC owned 1.31% of Focus Impact Acquisition at the end of the most recent quarter. Institutional investors and hedge funds own 75.79% of the company’s stock.

Focus Impact Acquisition Company Profile

Focus Impact Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses operating in education technology, technology-enabled manufacturing and services, and financial and healthcare technology sectors.