Arrowroot Acquisition Corp. (NASDAQ:ARRWW) Short Interest Update

Arrowroot Acquisition Corp. (NASDAQ:ARRWW) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 53,300 shares, a growth of 44.1% from the February 29th total of 37,000 shares. Based on an average daily volume of 47,500 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On Arrowroot Acquisition

An institutional investor recently bought a new position in Arrowroot Acquisition stock. HGC Investment Management Inc. bought a new position in shares of Arrowroot Acquisition Corp. (NASDAQ:ARRWW) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 841,963 shares of the company’s stock, valued at approximately $102,000.

Arrowroot Acquisition Stock Performance

Shares of ARRWW opened at $0.18 on Friday. The company’s 50-day moving average price is $0.11 and its 200 day moving average price is $0.12. Arrowroot Acquisition has a 12-month low of $0.04 and a 12-month high of $0.29.

About Arrowroot Acquisition

Arrowroot Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to identify and acquire a business focusing on the enterprise software sector.