Orion Acquisition Corp. (NASDAQ:OHPA) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 3,200 shares, an increase of 33.3% from the August 15th total of 2,400 shares. Based on an average daily trading volume, of 2,500 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.0% of the shares of the company are short sold.
Shares of OHPA traded up $0.03 during mid-day trading on Tuesday, hitting $9.72. The stock had a trading volume of 200 shares, compared to its average volume of 13,311. The stock’s fifty day moving average price is $9.71. Orion Acquisition has a 52 week low of $9.51 and a 52 week high of $10.73.
Large investors have recently added to or reduced their stakes in the stock. CVI Holdings LLC bought a new stake in shares of Orion Acquisition during the 2nd quarter valued at $1,932,000. Wolverine Trading LLC purchased a new position in Orion Acquisition during the second quarter worth about $108,000. Landscape Capital Management L.L.C. purchased a new position in Orion Acquisition during the second quarter worth about $184,000. Radcliffe Capital Management L.P. purchased a new position in Orion Acquisition during the second quarter worth about $3,706,000. Finally, PEAK6 Investments LLC purchased a new position in Orion Acquisition during the second quarter worth about $966,000. Institutional investors own 93.62% of the company’s stock.
Orion Acquisition Corp. is a blank check company. The company was incorporated in 2020 and is based in New York, New York.
See Also: Initial Coin Offering (ICO)
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