Lefteris Acquisition Corp. (NASDAQ:LFTR) Sees Large Decrease in Short Interest

Lefteris Acquisition Corp. (NASDAQ:LFTR) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 31,100 shares, a decline of 21.3% from the March 15th total of 39,500 shares. Based on an average trading volume of 374,600 shares, the days-to-cover ratio is currently 0.1 days.

A number of institutional investors have recently added to or reduced their stakes in LFTR. Walleye Trading LLC purchased a new stake in Lefteris Acquisition during the 4th quarter worth $833,000. Verition Fund Management LLC purchased a new stake in Lefteris Acquisition during the 4th quarter worth $1,023,000. Walleye Capital LLC purchased a new stake in Lefteris Acquisition during the 4th quarter worth $1,281,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in Lefteris Acquisition during the 4th quarter worth $1,553,000. Finally, Sculptor Capital LP purchased a new stake in Lefteris Acquisition during the 4th quarter worth $3,105,000.

Shares of NASDAQ:LFTR traded down $0.01 during midday trading on Monday, hitting $9.89. 141,307 shares of the company’s stock traded hands, compared to its average volume of 352,618. Lefteris Acquisition has a twelve month low of $9.66 and a twelve month high of $12.45. The firm has a fifty day moving average price of $10.07.

Lefteris Acquisition Company Profile

Lefteris Acquisition Corp. focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in Boston, Massachusetts.

Read More: Stock Market – What is a circuit breaker?

Receive News & Ratings for Lefteris Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lefteris Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.