Short interest in AlphaVest Acquisition Corp (NASDAQ:ATMV) surges 36.4%

AlphaVest Acquisition Corp ( NASDAQ:ATMV – Get Free Report ) saw a big surge in short interest interest in May. As of May 31, short interest was 3,000 shares, an increase of 36.4% from 2,200 shares as of May 15. With an average trading volume of 14,400 shares, the days-to-cover ratio is currently 0.2 days. Currently, short selling concerns 0.1% of the company’s shares.

Institutional inflows and outflows

Several large investors have recently increased or decreased their holdings in the stock. Berkley WR Corp increased its holdings in AlphaVest Acquisition by 92.8% during the first quarter. Berkley WR Corp now owns 418,285 shares of the company’s stock valued at $4,601,000 after purchasing an additional 201,381 shares during the period. Glazer Capital LLC increased its holdings in AlphaVest Acquisition by 1.5% during the 4th quarter. Glazer Capital LLC now owns 238,874 shares of the company’s stock valued at $2,558,000 after purchasing an additional 3,500 shares in the last quarter. Mizuho Securities USA LLC increased its position in AlphaVest Acquisition by 87.8% during the first quarter. Mizuho Securities USA LLC now owns 236,073 shares of the company’s stock valued at $2,561,000 after purchasing an additional 110,387 shares in the last quarter. In the fourth quarter, HGC Investment Management Inc. purchased new shares in AlphaVest Acquisition worth approximately USD 2,142,000. Finally, Wolverine Asset Management LLC increased its stake in AlphaVest Acquisition by 3.2% in the fourth quarter. Wolverine Asset Management LLC now owns 197,562 shares of the company’s stock valued at $2,116,000 after purchasing an additional 6,211 shares in the last quarter. Institutional investors and hedge funds hold 46.08% of the company’s shares.

Results of the AlphaVest acquisition

ATMV shares opened Friday at $11.03. The company’s 50-day moving average is $11.01 and its 200-day moving average is $10.86. AlphaVest Acquisition has a fifty-two week low of $10.31 and a fifty-two week high of $11.07.

AlphaVest acquisition company profile

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AlphaVest Acquisition Corp has no significant operations. It focuses on the completion of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or related business combination with one or more enterprises. The company was founded in 2022 and is headquartered in New York, New York.

Institutional inflows and outflows

Results of the AlphaVest acquisition

AlphaVest acquisition company profile

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