FTAC Olympus Acquisition Corp. (NASDAQ:FTOC) Short Interest Update
FTAC Olympus Acquisition Corp. (NASDAQ:FTOC) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 690,800 shares, a decline of 17.1% from the March 31st total of 833,100 shares. Based on an average daily volume of 2,590,000 shares, the short-interest ratio is currently 0.3 days. Approximately 0.9% of the shares of the company are short sold.
Shares of NASDAQ FTOC traded up $0.22 during trading hours on Tuesday, reaching $10.28. The stock had a trading volume of 1,512,891 shares, compared to its average volume of 2,521,961. FTAC Olympus Acquisition has a twelve month low of $9.60 and a twelve month high of $14.50. The stock has a fifty day moving average price of $10.52.
Institutional investors have recently made changes to their positions in the business. MUFG Americas Holdings Corp acquired a new position in shares of FTAC Olympus Acquisition in the 4th quarter valued at $258,000. Context Capital Management LLC acquired a new position in FTAC Olympus Acquisition in the fourth quarter worth about $3,296,000. Westchester Capital Management LLC bought a new position in FTAC Olympus Acquisition during the fourth quarter worth about $8,498,000. Toronto Dominion Bank acquired a new stake in FTAC Olympus Acquisition during the fourth quarter valued at approximately $921,000. Finally, Hudson Bay Capital Management LP acquired a new stake in FTAC Olympus Acquisition during the fourth quarter valued at approximately $30,566,000.
FTAC Olympus Acquisition Corp., a blank check company, focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Philadelphia, Pennsylvania.
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