Altaba Inc (NASDAQ:AABA) was the recipient of a significant decrease in short interest in the month of March. As of March 29th, there was short interest totalling 34,964,545 shares, a decrease of 5.4% from the March 15th total of 36,976,315 shares. Currently, 6.1% of the company’s shares are short sold. Based on an average daily trading volume, of 6,269,767 shares, the days-to-cover ratio is currently 5.6 days.
Hedge funds have recently bought and sold shares of the business. First Command Bank acquired a new position in shares of Altaba during the 4th quarter worth $25,000. First Command Financial Services Inc. purchased a new stake in Altaba during the 4th quarter valued at $25,000. Larson Financial Group LLC raised its stake in Altaba by 76.3% during the 1st quarter. Larson Financial Group LLC now owns 462 shares of the company’s stock valued at $34,000 after buying an additional 200 shares during the last quarter. Watermark Asset Management Inc. raised its stake in Altaba by 720.0% during the 4th quarter. Watermark Asset Management Inc. now owns 615 shares of the company’s stock valued at $36,000 after buying an additional 540 shares during the last quarter. Finally, We Are One Seven LLC purchased a new stake in Altaba during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 70.77% of the company’s stock.
AABA stock opened at $75.09 on Friday. Altaba has a twelve month low of $54.75 and a twelve month high of $82.45.
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Altaba Company Profile
Altaba Inc operates as a non-diversified, closed-end management investment company in the United States. Its assets consist primarily of equity investments, short-term debt investments, and cash. The company was formerly known as Yahoo! Inc and changed its name to Altaba Inc in June 2017. Altaba Inc was founded in 1994 and is based in New York, New York.
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