Redwoods Acquisition (NASDAQ:RWOD) Down 10.3%

Redwoods Acquisition Corp. (NASDAQ:RWOD – Get Free Report) shares fell 10.3% in midday trading on Thursday. The company traded as low as $1.71 and was last seen at $1.82. About 489,033 shares were traded during Thursday’s trading, a 352% increase over its average daily volume of 108,185 shares. The stock had previously closed at $2.03.

Redwoods Acquisition Results

The company’s 50-day simple moving average is $5.39 and its 200-day simple moving average is $8.70.

Institutional inflows and outflows

Hedge funds have recently made changes to their positions in stocks. Cowen AND Company LLC acquired a new position in shares of Redwoods Acquisition in the 4th quarter worth approximately $160,000. Clear Street LLC increased its holdings in shares of Redwoods Acquisition by 4,175.5% in the fourth quarter. Clear Street LLC now owns 73,154 shares of the company’s stock worth $783,000 after purchasing an additional 71,443 shares in the last quarter. Berkley WR Corp increased its position in shares of Redwoods Acquisition by 172.0% in the first quarter. Berkley WR Corp now owns 188,791 shares of the company’s stock worth $2,260,000 after purchasing an additional 119,376 shares in the last quarter. Mizuho Securities USA LLC bought a new stake in shares of Redwoods Acquisition in the 4th quarter worth $2,134,000. Finally, Shaolin Capital Management LLC increased its holdings in shares of Redwoods Acquisition by 200.0% in the 3rd quarter. Shaolin Capital Management LLC now owns 500,000 shares of the company’s stock worth $5,335,000 after acquiring an additional 1,000,000 shares in the last quarter. Institutional investors and hedge funds own 20.07% of the company’s stock.

About the Redwoods Acquisition

(Download the free report)

Redwoods Acquisition Corp. has no significant operations. The Company is focused on pursuing mergers, stock exchanges, asset acquisitions, stock purchases, recapitalizations, reorganizations, or other similar business combinations with one or more companies or entities. It intends to focus on companies in the carbon neutrality and energy storage industries.

Redwoods Acquisition Results

Institutional inflows and outflows

About the Redwoods Acquisition

Further reading