Valuence Merger Corp. I (NASDAQ:VMCA) Sees Significant Decline in Short Interest

Valuence Merger Corp. I (NASDAQ:VMCA) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 1,400 shares, a decline of 54.8% from the June 30th total of 3,100 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 20,600 shares, the short-interest ratio is currently 0.1 days.

Valuence Merger Corp. I Stock Performance

NASDAQ:VMCA traded down $0.05 during mid-day trading on Friday, hitting $11.42. 500 shares of the company traded hands, compared to its average volume of 39,977. The stock’s fifty day moving average price is $11.46 and its 200-day moving average price is $11.38. Valuence Merger Corp. I has a one year low of $10.74 and a one year high of $11.85.

Institutional Trading of Valuence Merger Corp. I

Several hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in shares of Valuence Merger Corp. I in the first quarter worth about $357,000. K2 Principal Fund L.P. purchased a new stake in shares of Valuence Merger Corp. I in the first quarter worth about $1,670,000. Spartan Fund Management Inc. lifted its position in shares of Valuence Merger Corp. I by 41.1% in the first quarter. Spartan Fund Management Inc. now owns 163,039 shares of the company’s stock worth $1,852,000 after buying an additional 47,518 shares in the last quarter. Berkley W R Corp purchased a new stake in shares of Valuence Merger Corp. I in the first quarter worth about $3,393,000. Finally, Wolverine Asset Management LLC lifted its position in shares of Valuence Merger Corp. I by 67.5% in the fourth quarter. Wolverine Asset Management LLC now owns 373,515 shares of the company’s stock worth $4,180,000 after buying an additional 150,474 shares in the last quarter. Institutional investors own 52.21% of the company’s stock.

About Valuence Merger Corp. I

Valuence Merger Corp. I does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to identify a business in Asia that is developing breakthrough technology in life sciences and/or advancing a platform for sustainable technology.