Bowen Acquisition Corp (NASDAQ:BOWN) Sees Significant Growth in Short Interest

Bowen Acquisition Corp (NASDAQ:BOWN) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 1,500 shares, an increase of 1,400.0% from the June 15th total of 100 shares. Based on an average daily trading volume, of 21,300 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Robinson Capital Management LLC bought a new position in shares of Bowen Acquisition in the fourth quarter valued at $52,000. Clear Street LLC increased its holdings in shares of Bowen Acquisition by 371.4% in the fourth quarter. Clear Street LLC now owns 17,457 shares of the company’s stock valued at $180,000 after buying an additional 13,754 shares in the last quarter. Mizuho Securities USA LLC bought a new position in shares of Bowen Acquisition in the first quarter valued at $415,000. Hudson Bay Capital Management LP bought a new position in shares of Bowen Acquisition in the third quarter valued at $1,276,000. Finally, Wealthspring Capital LLC bought a new position in shares of Bowen Acquisition in the fourth quarter valued at $1,431,000. Institutional investors and hedge funds own 59.34% of the company’s stock.

Bowen Acquisition Stock Performance

Shares of BOWN traded up $0.01 during mid-day trading on Thursday, hitting $10.58. The company’s stock had a trading volume of 1,592 shares, compared to its average volume of 33,870. The firm has a 50-day moving average price of $10.54 and a 200 day moving average price of $10.45. Bowen Acquisition has a fifty-two week low of $10.10 and a fifty-two week high of $10.63.

Bowen Acquisition Company Profile