Forum Merger IV Co. (NASDAQ:FMIV – Get Rating) benefited from a surge in short-term interest in May. As of May 15, there was short interest totaling 8,000 shares, an increase of 116.2% from the April 30 total of 3,700 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 98,800 shares, the short-term interest rate ratio is currently 0.1 day.
Shares of FMIV were flat at $9.74 during Friday’s midday session. Forum Merger IV has a 12-month low of $9.63 and a 12-month high of $9.92. The stock has a 50-day simple moving average of $9.77 and a 200-day simple moving average of $9.75.
A number of institutional investors and hedge funds have recently changed their positions in the company. Spartan Fund Management Inc. acquired a new stake in shares of Forum Merger IV in Q1 worth approximately $2,442,000. Sculptor Capital LP increased its stake in Forum Merger IV by 10.0% during the first quarter. Sculptor Capital LP now owns 824,892 shares of the company worth $8,059,000 after purchasing an additional 74,892 shares during the period. Radcliffe Capital Management LP increased its holdings of Forum Merger IV shares by 90.6% in the first quarter. Radcliffe Capital Management LP now owns 381,286 shares of the company worth $3,725,000 after acquiring an additional 181,286 shares during the period. Saba Capital Management LP increased its holdings of Forum Merger IV shares by 24.9% in the first quarter. Saba Capital Management LP now owns 1,668,417 shares of the company worth $16,300,000 after acquiring an additional 333,000 shares during the period. Finally, Aristeia Capital LLC purchased a new equity stake in Forum Merger IV during the first quarter for a value of approximately $1,943,000. Hedge funds and other institutional investors own 67.56% of the company’s shares.
Forum Fusion IV Company Profile (Get a rating)
Forum Merger IV Corporation has no significant activities. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Delray Beach, Florida.
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