Short Interest in Haymaker Acquisition Corp. 4 (NYSE:HYAC) Declines By 35.0%

Key Points

• Short interest in Haymaker Acquisition Corp. 4 (NYSE:HYAC) has declined by 35.0% in September, with a total of 1,300 shares sold short as of September 15th.
• Largely influenced by institutional investors, 71.07% of the stock is now owned by institutional investors and hedge funds, reflecting their increased interest in the company.
• Analysts have mixed ratings on the stock, with one firm reaffirming a "sell" rating while another upgraded it from "sell" to "hold", resulting in an overall consensus rating of "Sell."

Haymaker Acquisition Corp. 4 (NYSE:HYAC - Get Free Report) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 1,300 shares, a decline of 35.0% from the August 31st total of 2,000 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 155,400 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 155,400 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company's stock are sold short.

Institutional Investors Weigh In On Haymaker Acquisition Corp. 4

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new stake in Haymaker Acquisition Corp. 4 in the 2nd quarter valued at about $1,110,000. Wolverine Asset Management LLC grew its stake in Haymaker Acquisition Corp. 4 by 34.2% in the 2nd quarter. Wolverine Asset Management LLC now owns 1,002,049 shares of the company's stock valued at $11,123,000 after acquiring an additional 255,385 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its stake in Haymaker Acquisition Corp. 4 by 65.1% in the 1st quarter. Mizuho Securities USA LLC now owns 250,495 shares of the company's stock valued at $2,718,000 after acquiring an additional 98,793 shares during the last quarter. 71.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings restated a "sell (d)" rating on shares of Haymaker Acquisition Corp. 4 in a research report on Saturday, September 27th. Wall Street Zen upgraded shares of Haymaker Acquisition Corp. 4 from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Haymaker Acquisition Corp. 4 presently has a consensus rating of "Sell".

Haymaker Acquisition Corp. 4 Trading Up 0.9%

NYSE HYAC traded up $0.10 during trading hours on Monday, reaching $11.34. The company's stock had a trading volume of 59,078 shares, compared to its average volume of 10,327. Haymaker Acquisition Corp. 4 has a fifty-two week low of $10.65 and a fifty-two week high of $11.39. The business's 50-day moving average price is $11.23.

About Haymaker Acquisition Corp. 4

Haymaker Acquisition Corp. 4 is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. Haymaker Acquisition Corp. 4 is based in New York.

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