Spree Acquisition Corp. 1 Limited (NYSE:SHAP - Get Rating) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totalling 2,800 shares, a drop of 41.7% from the April 30th total of 4,800 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 94,300 shares, the days-to-cover ratio is currently 0.0 days.
Spree Acquisition Corp. 1 Trading Up 0.1 %
Shares of SHAP opened at $10.51 on Friday. The firm has a market cap of $272.73 million, a price-to-earnings ratio of -1,051.00 and a beta of -0.01. The stock has a 50 day moving average of $10.47 and a 200-day moving average of $10.34. Spree Acquisition Corp. 1 has a 52 week low of $9.91 and a 52 week high of $11.23.
Institutional Trading of Spree Acquisition Corp. 1
Several hedge funds have recently made changes to their positions in SHAP. Berkley W R Corp raised its stake in Spree Acquisition Corp. 1 by 239.8% during the 1st quarter. Berkley W R Corp now owns 679,534 shares of the company's stock valued at $7,081,000 after acquiring an additional 479,534 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Spree Acquisition Corp. 1 during the 4th quarter valued at $3,502,000. First Trust Capital Management L.P. bought a new stake in Spree Acquisition Corp. 1 during the 1st quarter valued at $1,684,000. HGC Investment Management Inc. bought a new stake in Spree Acquisition Corp. 1 during the 1st quarter valued at $1,096,000. Finally, Bank of Montreal Can bought a new stake in Spree Acquisition Corp. 1 during the 4th quarter valued at $722,000. Institutional investors own 68.07% of the company's stock.
Spree Acquisition Corp. 1 Company Profile
Spree Acquisition Corp. 1 Limited does not have significant operations. The company focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on technology-based mobility businesses.
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