Agriculture & Natural Solutions Acquisition Corporation (NASDAQ:ANSC) Sees Large Decrease in Short Interest

Key Points

• Short interest fell by 37.8% in March to 1,921 shares, leaving a short-interest ratio of 1.2 days and approximately 0.0% of shares sold short.
• Institutional investors own 38.75% of the stock, with Berkley W R Corp more than doubling its stake to 3,248,953 shares and several other hedge funds also increasing positions.
• Wall Street sentiment is negative: Weiss Ratings reiterated a Sell and the MarketBeat consensus rating for the stock is Sell.

Agriculture & Natural Solutions Acquisition Corporation (NASDAQ:ANSC - Get Free Report) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 1,921 shares, a decline of 37.8% from the February 26th total of 3,086 shares. Based on an average daily volume of 1,657 shares, the short-interest ratio is presently 1.2 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of Agriculture & Natural Solutions Acquisition

A number of hedge funds have recently added to or reduced their stakes in the stock. Berkley W R Corp grew its position in Agriculture & Natural Solutions Acquisition by 100.6% during the 2nd quarter. Berkley W R Corp now owns 3,248,953 shares of the company's stock worth $35,251,000 after acquiring an additional 1,629,432 shares during the last quarter. Karpus Management Inc. raised its holdings in Agriculture & Natural Solutions Acquisition by 11.9% in the 2nd quarter. Karpus Management Inc. now owns 1,417,468 shares of the company's stock valued at $15,380,000 after buying an additional 150,975 shares during the last quarter. Wolverine Asset Management LLC boosted its position in Agriculture & Natural Solutions Acquisition by 3.5% during the 3rd quarter. Wolverine Asset Management LLC now owns 1,795,829 shares of the company's stock worth $19,592,000 after buying an additional 60,363 shares during the period. Radcliffe Capital Management L.P. increased its position in Agriculture & Natural Solutions Acquisition by 20.1% in the 3rd quarter. Radcliffe Capital Management L.P. now owns 404,458 shares of the company's stock valued at $4,413,000 after acquiring an additional 67,826 shares during the period. Finally, CreativeOne Wealth LLC acquired a new position in Agriculture & Natural Solutions Acquisition in the 3rd quarter valued at approximately $221,000. Institutional investors and hedge funds own 38.75% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Agriculture & Natural Solutions Acquisition in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of "Sell".

Agriculture & Natural Solutions Acquisition Stock Performance

Agriculture & Natural Solutions Acquisition stock traded down $0.04 during midday trading on Friday, reaching $11.24. The company's stock had a trading volume of 571 shares, compared to its average volume of 2,117. Agriculture & Natural Solutions Acquisition has a 52 week low of $10.62 and a 52 week high of $11.29. The business has a 50-day moving average price of $11.23 and a 200-day moving average price of $11.13.

Agriculture & Natural Solutions Acquisition Company Profile

Agriculture & Natural Solutions Acquisition Corp. operates as a blank check company. It was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded in 2021 and is headquartered in New York, NY.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.