Fifth Wall Acquisition Corp. III (NASDAQ:FWAC) Sees Large Growth in Short Interest

Fifth Wall Acquisition Corp. III (NASDAQ:FWAC) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 128,000 shares, a growth of 10,566.7% from the December 15th total of 1,200 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 86,600 shares, the days-to-cover ratio is presently 1.5 days.

Institutional investors and hedge funds have recently modified their holdings of the company. Senator Investment Group LP acquired a new position in Fifth Wall Acquisition Corp. III in the 2nd quarter worth about $4,975,000. Bamco Inc. NY acquired a new position in shares of Fifth Wall Acquisition Corp. III during the second quarter valued at approximately $12,437,000. Geode Capital Management LLC acquired a new position in shares of Fifth Wall Acquisition Corp. III during the second quarter valued at approximately $520,000. DG Capital Management LLC acquired a new position in shares of Fifth Wall Acquisition Corp. III during the second quarter valued at approximately $1,990,000. Finally, Royal Bank of Canada acquired a new position in shares of Fifth Wall Acquisition Corp. III during the second quarter valued at approximately $532,000. Hedge funds and other institutional investors own 85.38% of the company’s stock.

Shares of FWAC opened at $9.80 on Friday. Fifth Wall Acquisition Corp. III has a 52 week low of $9.65 and a 52 week high of $10.75. The stock’s 50-day moving average price is $9.87 and its 200-day moving average price is $9.90.

About Fifth Wall Acquisition Corp. III

Fifth Wall Acquisition Corp. III intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Los Angeles, California.

Featured Article: What Is An Exchange-Traded Fund (ETF)?

Receive News & Ratings for Fifth Wall Acquisition Corp. III Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fifth Wall Acquisition Corp. III and related companies with MarketBeat.com's FREE daily email newsletter.