Short Interest in Redwoods Acquisition Corp. (NASDAQ:RWOD) Decreases By 36.9%

Redwoods Acquisition Corp. (NASDAQ:RWOD) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 34,500 shares, a drop of 36.9% from the May 15th total of 54,700 shares. Currently, 2.1% of the company’s stock are sold short. Based on an average daily trading volume, of 126,100 shares, the short-interest ratio is currently 0.3 days.

Redwoods Acquisition Trading Down 5.2 %

NASDAQ:RWOD traded down $0.34 on Friday, hitting $6.17. The stock had a trading volume of 8,907 shares, compared to its average volume of 23,059. Redwoods Acquisition has a 1 year low of $4.98 and a 1 year high of $13.10. The firm’s fifty day simple moving average is $7.04 and its two-hundred day simple moving average is $9.42.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cowen AND Company LLC bought a new stake in Redwoods Acquisition during the fourth quarter worth about $160,000. Clear Street LLC raised its holdings in shares of Redwoods Acquisition by 4,175.5% during the fourth quarter. Clear Street LLC now owns 73,154 shares of the company’s stock valued at $783,000 after purchasing an additional 71,443 shares during the last quarter. Meteora Capital LLC raised its holdings in shares of Redwoods Acquisition by 122.7% during the third quarter. Meteora Capital LLC now owns 187,080 shares of the company’s stock valued at $1,996,000 after purchasing an additional 103,081 shares during the last quarter. Mizuho Securities USA LLC bought a new stake in Redwoods Acquisition during the fourth quarter valued at approximately $2,134,000. Finally, Berkley W R Corp grew its position in Redwoods Acquisition by 172.0% during the first quarter. Berkley W R Corp now owns 188,791 shares of the company’s stock valued at $2,260,000 after buying an additional 119,376 shares during the period. 20.07% of the stock is owned by institutional investors.

About Redwoods Acquisition

Redwoods Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. In intends to focus on businesses in the carbon neutral and energy storage industries.