Equity Distribution Acquisition Corp. (NYSE:EQD – Get Rating) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 4,700 shares, an increase of 51.6% from the March 15th total of 3,100 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 49,500 shares, the short-interest ratio is presently 0.1 days.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Clear Harbor Asset Management LLC boosted its holdings in Equity Distribution Acquisition by 31.7% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 27,631 shares of the company’s stock valued at $271,000 after acquiring an additional 6,648 shares during the period. CI Investments Inc. lifted its position in shares of Equity Distribution Acquisition by 174.8% during the third quarter. CI Investments Inc. now owns 29,400 shares of the company’s stock worth $289,000 after purchasing an additional 18,700 shares during the last quarter. Crestline Management LP purchased a new stake in shares of Equity Distribution Acquisition during the third quarter valued at $100,000. Hsbc Holdings PLC bought a new position in shares of Equity Distribution Acquisition in the third quarter worth about $3,949,000. Finally, Weiss Asset Management LP increased its stake in Equity Distribution Acquisition by 77.7% in the 3rd quarter. Weiss Asset Management LP now owns 1,080,512 shares of the company’s stock worth $10,611,000 after buying an additional 472,550 shares during the period. Institutional investors own 70.26% of the company’s stock.
Shares of NYSE:EQD traded up $0.01 during mid-day trading on Friday, reaching $9.90. The stock had a trading volume of 3,292 shares, compared to its average volume of 72,123. Equity Distribution Acquisition has a 1 year low of $9.72 and a 1 year high of $10.01. The business’s 50 day moving average price is $9.87 and its 200 day moving average price is $9.84.
Equity Distribution Acquisition Company Profile (Get Rating)
Equity Distribution Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Chicago, Illinois.
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