Rigel Resource Acquisition Corp. (NYSE:RRAC) Short Interest Update

Rigel Resource Acquisition Corp. (NYSE:RRAC) saw a large decline in short interest in August. As of August 15th, there was short interest totalling 100 shares, a decline of 99.9% from the July 31st total of 100,300 shares. Based on an average daily trading volume, of 96,600 shares, the days-to-cover ratio is currently 0.0 days.

Rigel Resource Acquisition Stock Performance

RRAC stock opened at $11.41 on Wednesday. Rigel Resource Acquisition has a 52 week low of $10.80 and a 52 week high of $12.75. The firm’s 50-day moving average is $11.37 and its two-hundred day moving average is $11.27.

Institutional Trading of Rigel Resource Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Berkley W R Corp raised its position in shares of Rigel Resource Acquisition by 66.5% during the 1st quarter. Berkley W R Corp now owns 1,980,247 shares of the company’s stock worth $22,119,000 after buying an additional 791,216 shares in the last quarter. Mizuho Securities USA LLC raised its holdings in shares of Rigel Resource Acquisition by 20.8% in the 1st quarter. Mizuho Securities USA LLC now owns 1,814,369 shares of the company’s stock worth $20,212,000 after purchasing an additional 312,617 shares in the last quarter. Picton Mahoney Asset Management raised its holdings in shares of Rigel Resource Acquisition by 63.2% in the 4th quarter. Picton Mahoney Asset Management now owns 1,224,050 shares of the company’s stock worth $13,416,000 after purchasing an additional 474,050 shares in the last quarter. Cohanzick Management LLC bought a new stake in shares of Rigel Resource Acquisition in the 4th quarter worth approximately $3,288,000. Finally, K2 Principal Fund L.P. bought a new stake in shares of Rigel Resource Acquisition in the 4th quarter worth approximately $2,076,000. 71.85% of the stock is currently owned by institutional investors.

About Rigel Resource Acquisition

Rigel Resource Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on acquiring companies primarily in the mining industry.