Valuence Merger Corp. I (NASDAQ:VMCA) Sees Large Decrease in Short Interest

Valuence Merger Corp. I (NASDAQ:VMCA) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 700 shares, a decline of 92.9% from the May 31st total of 9,900 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 22,600 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Valuence Merger Corp. I

Large investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in shares of Valuence Merger Corp. I during the 1st quarter valued at approximately $357,000. K2 Principal Fund L.P. bought a new position in shares of Valuence Merger Corp. I during the 1st quarter valued at approximately $1,670,000. Spartan Fund Management Inc. increased its position in shares of Valuence Merger Corp. I by 41.1% during the 1st quarter. Spartan Fund Management Inc. now owns 163,039 shares of the company’s stock valued at $1,852,000 after purchasing an additional 47,518 shares during the last quarter. Berkley W R Corp bought a new position in shares of Valuence Merger Corp. I during the 1st quarter valued at approximately $3,393,000. Finally, Wolverine Asset Management LLC increased its position in shares of Valuence Merger Corp. I by 67.5% during the 4th quarter. Wolverine Asset Management LLC now owns 373,515 shares of the company’s stock valued at $4,180,000 after purchasing an additional 150,474 shares during the last quarter. Institutional investors own 52.21% of the company’s stock.

Valuence Merger Corp. I Stock Down 0.3 %

NASDAQ:VMCA opened at $11.46 on Friday. Valuence Merger Corp. I has a 1 year low of $10.71 and a 1 year high of $11.85. The stock’s 50 day simple moving average is $11.45 and its two-hundred day simple moving average is $11.34.

Valuence Merger Corp. I (NASDAQ:VMCA) last released its quarterly earnings data on Thursday, March 28th. The company reported $0.09 earnings per share (EPS) for the quarter.

About Valuence Merger Corp. I

Valuence Merger Corp. I does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to identify a business in Asia that is developing breakthrough technology in life sciences and/or advancing a platform for sustainable technology.