Three Lions Acquisition Corp. (NASDAQ:TLAC) Shares Shorted: Short Interest Up 127.5% in October

Three Lions Acquisition Corp. (NASDAQ:TLAC – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 6,073 shares, a growth of 127.5% from the September 30th total of 2,670 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 7,437 shares, the days-to-cover ratio is presently 0.8 days.

Three Lions Acquisition Stock Performance

Shares of NASDAQ TLAC opened at $9.83 on Friday. Three Lions Acquisition has a 52 week low of $9.83 and a 52 week high of $9.93.

About Three Lions Acquisition

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Three Lions Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker symbol TLAC. The company was established to pursue a business combination with an operating company or other business, which may take the form of a merger, acquisition, share exchange, or similar transaction.

Unlike an operating company, Three Lions Acquisition does not appear to offer its own products or services. Its activities are primarily focused on identifying a suitable acquisition target, conducting due diligence, and completing a transaction that would allow the target business to become publicly traded.

Because its future business depends on the completion of a business combination, the company does not have an established operating footprint, product portfolio, or geographic market presence to describe.

Further Reading

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