FirstMark Horizon Acquisition Corp. (NYSE:FMAC) Short Interest Update

FirstMark Horizon Acquisition Corp. (NYSE:FMAC) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 212,800 shares, a growth of 164.0% from the September 15th total of 80,600 shares. Based on an average trading volume of 271,500 shares, the short-interest ratio is presently 0.8 days.

A number of hedge funds have recently modified their holdings of the business. Vivaldi Capital Management LLC bought a new position in FirstMark Horizon Acquisition in the 1st quarter worth about $101,000. Royal Bank of Canada bought a new position in FirstMark Horizon Acquisition in the 1st quarter worth about $102,000. Kestra Advisory Services LLC bought a new position in FirstMark Horizon Acquisition in the 1st quarter worth about $105,000. Alpine Global Management LLC bought a new position in FirstMark Horizon Acquisition in the 2nd quarter worth about $109,000. Finally, Credit Suisse AG bought a new position in FirstMark Horizon Acquisition in the 1st quarter worth about $129,000. Institutional investors and hedge funds own 57.71% of the company’s stock.

FMAC stock remained flat at $$9.87 during mid-day trading on Thursday. 161 shares of the company’s stock were exchanged, compared to its average volume of 726,599. The business has a 50 day moving average of $9.78 and a 200 day moving average of $9.87. FirstMark Horizon Acquisition has a twelve month low of $9.69 and a twelve month high of $14.44.

FirstMark Horizon Acquisition Company Profile

FirstMark Horizon Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

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