Short Interest in Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA) Grows By 300.0%

Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 400 shares, a growth of 300.0% from the June 15th total of 100 shares. Based on an average daily volume of 38,300 shares, the short-interest ratio is currently 0.0 days.

Mountain & Co. I Acquisition Corp. Price Performance

Mountain & Co. I Acquisition Corp. stock remained flat at $11.64 during mid-day trading on Thursday. 3 shares of the company’s stock were exchanged, compared to its average volume of 82,820. Mountain & Co. I Acquisition Corp. has a 12 month low of $10.94 and a 12 month high of $11.66. The stock’s fifty day simple moving average is $11.61 and its two-hundred day simple moving average is $11.48.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Spartan Fund Management Inc. purchased a new stake in shares of Mountain & Co. I Acquisition Corp. in the 1st quarter valued at approximately $730,000. K2 Principal Fund L.P. lifted its holdings in shares of Mountain & Co. I Acquisition Corp. by 456.0% in the 4th quarter. K2 Principal Fund L.P. now owns 98,848 shares of the company’s stock valued at $1,117,000 after purchasing an additional 81,071 shares during the last quarter. Shaolin Capital Management LLC increased its holdings in shares of Mountain & Co. I Acquisition Corp. by 153.8% in the 3rd quarter. Shaolin Capital Management LLC now owns 400,000 shares of the company’s stock valued at $4,468,000 after acquiring an additional 1,143,822 shares during the period. Quarry LP grew its position in Mountain & Co. I Acquisition Corp. by 30.0% during the 4th quarter. Quarry LP now owns 520,000 shares of the company’s stock worth $5,876,000 after purchasing an additional 120,000 shares during the last quarter. Finally, Berkley W R Corp increased its stake in Mountain & Co. I Acquisition Corp. by 0.6% in the fourth quarter. Berkley W R Corp now owns 544,035 shares of the company’s stock valued at $6,148,000 after purchasing an additional 3,111 shares during the period. 64.23% of the stock is currently owned by hedge funds and other institutional investors.

Mountain & Co. I Acquisition Corp. Company Profile

Mountain & Co I Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in consumer Internet and B2B digital infrastructure sectors.