Hudson Bay Capital Management LP purchased a new position in Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 325,000 shares of the company's stock, valued at approximately $3,270,000. Hudson Bay Capital Management LP owned 1.60% of Melar Acquisition Corp. I at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Tidal Investments LLC bought a new position in Melar Acquisition Corp. I in the third quarter worth approximately $209,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Melar Acquisition Corp. I in the 4th quarter worth $507,000. Bulldog Investors LLP purchased a new position in shares of Melar Acquisition Corp. I in the 4th quarter worth $1,512,000. Wolverine Asset Management LLC grew its stake in shares of Melar Acquisition Corp. I by 216.1% in the 4th quarter. Wolverine Asset Management LLC now owns 327,172 shares of the company's stock worth $3,291,000 after buying an additional 223,672 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Melar Acquisition Corp. I by 35.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 576,328 shares of the company's stock worth $5,809,000 after buying an additional 151,328 shares in the last quarter.
Melar Acquisition Corp. I Stock Performance
Shares of NASDAQ:MACI traded up $0.01 on Thursday, reaching $10.34. The company's stock had a trading volume of 40,617 shares, compared to its average volume of 66,311. Melar Acquisition Corp. I has a 52-week low of $9.95 and a 52-week high of $10.39. The company has a 50-day simple moving average of $10.27 and a 200 day simple moving average of $10.16.
Melar Acquisition Corp. I Company Profile
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Free Report)
Melar Acquisition Corp. I is a blank check company. It 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. Melar Acquisition Corp. I is based in NEW YORK.
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