Newbridge Acquisition Ltd (NASDAQ:NBRGU) Stock Short Interest Report for September
by Sarita Garza · The Markets DailyNewbridge Acquisition Ltd (NASDAQ:NBRGU – Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 90 shares. Based on an average daily trading volume, of 215 shares, the days-to-cover ratio is presently 0.4 days.
Newbridge Acquisition Price Performance
Shares of Newbridge Acquisition stock traded up $0.00 during trading hours on Wednesday, reaching $10.39. 1,096 shares of the company’s stock were exchanged, compared to its average volume of 7,131. The business has a fifty day moving average of $10.26 and a two-hundred day moving average of $10.19. Newbridge Acquisition has a 1 year low of $9.93 and a 1 year high of $11.40.
Hedge Funds Weigh In On Newbridge Acquisition
An institutional investor recently raised its stake in Newbridge Acquisition stock. Robinson Capital Management LLC boosted its holdings in shares of Newbridge Acquisition Ltd (NASDAQ:NBRGU – Free Report) by 100.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,500 shares of the company’s stock after acquiring an additional 15,250 shares during the period. Robinson Capital Management LLC’s holdings in Newbridge Acquisition were worth $314,000 at the end of the most recent reporting period.
About Newbridge Acquisition
Newbridge Acquisition is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. Its potential transaction could take the form of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar combination.
Unlike an operating company, Newbridge Acquisition does not have established products, services or commercial operations of its own. Its activities are focused on raising capital through a public offering, placing proceeds into a trust account and evaluating prospective acquisition targets.
The company’s publicly traded units are listed on the Nasdaq under the symbol NBRGU.