Battery Future Acquisition Corp. (NYSE:BFAC) Short Interest Up 100.0% in May

Battery Future Acquisition Corp. (NYSE:BFAC) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 2,400 shares, a growth of 100.0% from the May 15th total of 1,200 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 85,800 shares, the short-interest ratio is presently 0.0 days.

Battery Future Acquisition Price Performance

NYSE:BFAC remained flat at $11.03 on Friday. 31 shares of the company’s stock were exchanged, compared to its average volume of 131,262. The business has a 50-day simple moving average of $11.08 and a two-hundred day simple moving average of $10.98. Battery Future Acquisition has a one year low of $9.60 and a one year high of $11.55.

Institutional Trading of Battery Future Acquisition

Institutional investors and hedge funds have recently bought and sold shares of the business. Karpus Management Inc. increased its stake in Battery Future Acquisition by 77.5% during the first quarter. Karpus Management Inc. now owns 40,085 shares of the company’s stock worth $441,000 after purchasing an additional 17,500 shares during the period. Deltec Asset Management LLC purchased a new stake in Battery Future Acquisition during the fourth quarter worth about $542,000. Robinson Capital Management LLC purchased a new stake in Battery Future Acquisition during the fourth quarter worth about $753,000. Quarry LP purchased a new stake in Battery Future Acquisition during the fourth quarter worth about $1,131,000. Finally, Berkley W R Corp purchased a new stake in shares of Battery Future Acquisition during the first quarter worth approximately $1,669,000. 74.70% of the stock is currently owned by hedge funds and other institutional investors.

Battery Future Acquisition Company Profile

Battery Future Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to target assets or companies along the battery value chain.