Lionheart Holdings Class A Ordinary Shares (NASDAQ:CUB) Stock Short Interest Declines 80.7%

Key Points

• Short interest plunged 80.7% to 894 shares as of September 30, down from 4,643 shares two weeks earlier. Short interest represented 0.0% of shares outstanding, with a days-to-cover ratio of 0.0.
• Berkley W R Corp increased its Lionheart Holdings stake by 45.1% during the first quarter, owning 916,973 shares—or approximately 2.99% of the company—valued at about $9.87 million.
• Despite the decline in short interest, analyst sentiment remains negative: CUB has a consensus rating of “Sell.” Shares were flat at $10.90, while the company reported a quarterly loss of $0.15 per share.

Lionheart Holdings Class A Ordinary Shares (NASDAQ:CUB - Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 894 shares, a decline of 80.7% from the September 15th total of 4,643 shares. Based on an average daily trading volume, of 78,714 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Lionheart Holdings Class A Ordinary Shares

An institutional investor recently raised its stake in Lionheart Holdings Class A Ordinary Shares stock. Berkley W R Corp increased its position in Lionheart Holdings Class A Ordinary Shares (NASDAQ:CUB - Free Report) by 45.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 916,973 shares of the company's stock after purchasing an additional 285,106 shares during the quarter. Berkley W R Corp owned approximately 2.99% of Lionheart Holdings Class A Ordinary Shares worth $9,867,000 as of its most recent SEC filing.

Analyst Ratings Changes

CUB has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Lionheart Holdings Class A Ordinary Shares from a "sell (d-)" rating to a "sell (d)" rating in a report on Thursday. Wall Street Zen cut shares of Lionheart Holdings Class A Ordinary Shares from a "hold" rating to a "sell" rating in a research report on Saturday, August 22nd. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has a consensus rating of "Sell".

Lionheart Holdings Class A Ordinary Shares Stock Performance

CUB stock remained flat at $10.90 during trading on Friday. 25,208 shares of the company traded hands, compared to its average volume of 72,130. The company has a 50 day simple moving average of $10.87 and a 200-day simple moving average of $10.83. Lionheart Holdings Class A Ordinary Shares has a 1 year low of $10.53 and a 1 year high of $11.23. The company has a market cap of $285.14 million, a PE ratio of 181.70 and a beta of 0.01.

Lionheart Holdings Class A Ordinary Shares (NASDAQ:CUB - Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.15) EPS for the quarter.

About Lionheart Holdings Class A Ordinary Shares

Lionheart Holdings is a special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more operating businesses. Rather than selling products or services directly, the company's principal activity is raising capital and evaluating potential mergers, acquisitions, or similar transactions.

The company may pursue a target in a variety of industries or geographic regions, subject to the terms of its corporate documents and the approval of its shareholders.

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