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Zalatoris II Acquisition Corp. (NASDAQ:ZLS) is seeing a significant decline in short interest

Posted on by darion


Zalatoris II Acquisition Corp. ( NASDAQ:ZLS – Get Free Report ) saw a big decline in short interest in May. As of May 31, short interest was 2,300 shares, down 67.1% from 7,000 shares as of May 15. Based on an average daily trading volume of 21,800 shares, the short interest ratio is currently 0.1 day. Currently, short selling amounts to 0.0% of the company’s shares.

Price performance of the Zalatoris II acquisition

Shares of NASDAQ:ZLS opened at $10.95 on Friday. The company’s 50-day moving average is $10.90 and its 200-day moving average is $10.79. The Zalatoris II acquisition has a 1-year low of $10.31 and a 1-year high of $11.00.

Institutional inflows and outflows

Several hedge funds have recently increased or decreased their holdings in ZLS. Glazer Capital LLC acquired a new position in shares of Zalatoris II Acquisition during the 4th quarter worth approximately $5,460,000. Mizuho Securities USA LLC acquired a new position in shares of Zalatoris II Acquisition during the fourth quarter worth approximately $5,035,000. Kim LLC acquired a new position in shares of Zalatoris II Acquisition during the fourth quarter worth approximately $4,767,000. Cowen AND Company LLC acquired a new position in shares of Zalatoris II Acquisition during the 4th quarter worth approximately $4,678,000. Finally, Berkley WR Corp acquired a new position in shares of Zalatoris II Acquisition during the fourth quarter worth approximately $3,286,000. The owners of 53.56% of the shares are institutional investors and hedge funds.

About the acquisition of Zalatoris II

(Get the free report)

Zalatoris II Acquisition Corp. does not conduct any significant activity. Intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more companies in Brazil. The company was formerly known as XPAC Acquisition Corp.

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