Bowen Acquisition Corp (NASDAQ:BOWN) Short Interest Down 17.1% in April

Bowen Acquisition Corp (NASDAQ:BOWN - Get Free Report) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 2,900 shares, a drop of 17.1% from the April 15th total of 3,500 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 34,000 shares, the days-to-cover ratio is presently 0.1 days.

Bowen Acquisition Stock Performance

Shares of BOWN remained flat at $10.50 during trading hours on Tuesday. 10,305 shares of the company were exchanged, compared to its average volume of 38,477. Bowen Acquisition has a 52 week low of $10.10 and a 52 week high of $10.61. The company's 50-day simple moving average is $10.45 and its 200-day simple moving average is $10.37.

Hedge Funds Weigh In On Bowen Acquisition

Hedge funds and other institutional investors have recently modified their holdings of the stock. Periscope Capital Inc. purchased a new stake in Bowen Acquisition during the third quarter valued at $5,812,000. Westchester Capital Management LLC purchased a new stake in shares of Bowen Acquisition in the third quarter valued at $2,501,000. Cowen AND Company LLC purchased a new stake in shares of Bowen Acquisition in the third quarter valued at $2,780,000. Karpus Management Inc. purchased a new stake in shares of Bowen Acquisition in the third quarter valued at $2,371,000. Finally, Warberg Asset Management LLC purchased a new stake in Bowen Acquisition in the 3rd quarter worth about $102,000. Institutional investors own 59.34% of the company's stock.

About Bowen Acquisition

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