Macondray Capital Acquisition Corp. I (NASDAQ:DRAY) Short Interest Down 58.4% in June

Macondray Capital Acquisition Corp. I (NASDAQ:DRAYGet Rating) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 9,200 shares, a drop of 58.4% from the May 31st total of 22,100 shares. Based on an average daily trading volume, of 63,300 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Hedge funds and other institutional investors have recently bought and sold shares of the business. D. E. Shaw & Co. Inc. grew its position in shares of Macondray Capital Acquisition Corp. I by 287.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,830,920 shares of the company’s stock worth $18,035,000 after buying an additional 1,358,346 shares during the last quarter. Aristeia Capital LLC purchased a new position in shares of Macondray Capital Acquisition Corp. I in the 1st quarter worth approximately $12,362,000. 683 Capital Management LLC boosted its stake in Macondray Capital Acquisition Corp. I by 0.5% in the 4th quarter. 683 Capital Management LLC now owns 999,999 shares of the company’s stock worth $9,850,000 after purchasing an additional 5,001 shares in the last quarter. Silver Rock Financial LP acquired a new stake in Macondray Capital Acquisition Corp. I in the 4th quarter worth approximately $8,361,000. Finally, Centiva Capital LP boosted its stake in Macondray Capital Acquisition Corp. I by 97.7% in the 4th quarter. Centiva Capital LP now owns 790,700 shares of the company’s stock worth $7,788,000 after purchasing an additional 390,700 shares in the last quarter. 66.15% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ DRAY traded down $0.04 during trading on Friday, reaching $9.91. 65,998 shares of the company’s stock traded hands, compared to its average volume of 70,515. The company’s 50 day simple moving average is $9.91 and its two-hundred day simple moving average is $9.88. Macondray Capital Acquisition Corp. I has a 12-month low of $9.61 and a 12-month high of $10.18.

Macondray Capital Acquisition Corp. I Company Profile (Get Rating)

Macondray Capital Acquisition Corp. I does not have significant operations. The company intends to effect a merger or mergers, amalgamation, share exchange, share purchase, asset acquisition, reorganization, or similar business combination with one or more businesses. It intends to focus on companies in the software, data and technology, media, and telecom industries.

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