Tekkorp Digital Acquisition Corp. (NASDAQ:TEKK – Get Rating) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 113,900 shares, a growth of 136.8% from the May 15th total of 48,100 shares. Based on an average trading volume of 36,500 shares, the short-interest ratio is currently 3.1 days. Currently, 0.5% of the shares of the company are sold short.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TEKK. Marshall Wace LLP bought a new stake in shares of Tekkorp Digital Acquisition during the fourth quarter valued at approximately $10,427,000. Glazer Capital LLC raised its holdings in shares of Tekkorp Digital Acquisition by 106.7% during the first quarter. Glazer Capital LLC now owns 1,339,075 shares of the company’s stock valued at $13,203,000 after buying an additional 691,350 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Tekkorp Digital Acquisition by 79.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,070,955 shares of the company’s stock valued at $10,635,000 after buying an additional 474,926 shares during the last quarter. Cantor Fitzgerald Investment Adviser L.P. bought a new stake in shares of Tekkorp Digital Acquisition during the fourth quarter valued at approximately $3,057,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Tekkorp Digital Acquisition by 29.8% during the fourth quarter. JPMorgan Chase & Co. now owns 630,831 shares of the company’s stock valued at $6,264,000 after buying an additional 145,000 shares during the last quarter. 60.39% of the stock is currently owned by institutional investors.
Shares of NASDAQ TEKK opened at $9.92 on Friday. The firm’s 50-day moving average price is $9.88 and its two-hundred day moving average price is $9.85. Tekkorp Digital Acquisition has a 52-week low of $9.62 and a 52-week high of $10.07.
Tekkorp Digital Acquisition Company Profile (Get Rating)
Tekkorp Digital Acquisition Corp. 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 in the digital media, sports, entertainment, leisure, and/or gaming ecosystems.
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Source: defenseworld.net
