LightJump Acquisition Co. (NASDAQ:LJAQ) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 10,500 shares, a growth of 176.3% from the September 15th total of 3,800 shares. Based on an average trading volume of 13,200 shares, the short-interest ratio is currently 0.8 days. Currently, 0.1% of the shares of the company are sold short.
Shares of NASDAQ:LJAQ traded down $0.01 during trading hours on Thursday, hitting $9.83. 17,615 shares of the company’s stock traded hands, compared to its average volume of 8,932. LightJump Acquisition has a 52 week low of $9.55 and a 52 week high of $9.93. The company’s fifty day simple moving average is $9.82 and its two-hundred day simple moving average is $9.79.
A number of hedge funds have recently bought and sold shares of LJAQ. Periscope Capital Inc. acquired a new position in LightJump Acquisition in the first quarter worth approximately $7,518,000. Aristeia Capital LLC acquired a new stake in shares of LightJump Acquisition in the second quarter worth $7,083,000. Davidson Kempner Capital Management LP bought a new position in LightJump Acquisition in the first quarter worth $4,845,000. Radcliffe Capital Management L.P. bought a new position in shares of LightJump Acquisition in the first quarter valued at about $4,171,000. Finally, Picton Mahoney Asset Management acquired a new stake in LightJump Acquisition in the first quarter worth about $3,154,000. 51.00% of the stock is owned by institutional investors.
LightJump Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses in technology industry. The company was incorporated in 2020 and is based in Menlo Park, California.
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