Short Interest in Thunder Bridge Capital Partners IV Inc. (NASDAQ:THCP) Rises By 53.3%

Thunder Bridge Capital Partners IV Inc. (NASDAQ:THCP - Get Free Report) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 2,300 shares, a growth of 53.3% from the March 15th total of 1,500 shares. Based on an average daily trading volume, of 10,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company's stock are short sold.

Institutional Investors Weigh In On Thunder Bridge Capital Partners IV

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Thunder Bridge Capital Partners IV by 494.1% in the 1st quarter. JPMorgan Chase & Co. now owns 718,874 shares of the company's stock worth $7,102,000 after acquiring an additional 597,874 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Thunder Bridge Capital Partners IV by 395.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 403,368 shares of the company's stock worth $3,985,000 after acquiring an additional 322,000 shares in the last quarter. Cowen AND Company LLC raised its position in shares of Thunder Bridge Capital Partners IV by 57.0% in the 4th quarter. Cowen AND Company LLC now owns 392,694 shares of the company's stock worth $4,013,000 after acquiring an additional 142,494 shares in the last quarter. Boothbay Fund Management LLC raised its position in shares of Thunder Bridge Capital Partners IV by 32.9% in the 4th quarter. Boothbay Fund Management LLC now owns 273,289 shares of the company's stock worth $2,745,000 after acquiring an additional 67,686 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC acquired a new position in Thunder Bridge Capital Partners IV during the 3rd quarter valued at about $2,432,000. 33.22% of the stock is currently owned by hedge funds and other institutional investors.

Thunder Bridge Capital Partners IV Price Performance

Shares of THCP stock traded down $0.01 during mid-day trading on Friday, hitting $10.41. The stock had a trading volume of 366 shares, compared to its average volume of 17,258. Thunder Bridge Capital Partners IV has a 12-month low of $10.07 and a 12-month high of $10.98. The firm's 50-day moving average is $10.29 and its two-hundred day moving average is $10.25.

Thunder Bridge Capital Partners IV Company Profile

Thunder Bridge Capital Partners IV Inc does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the financial services industry. Thunder Bridge Capital Partners IV Inc was incorporated in 2021 and is based in Great Falls, Virginia.