Forum Merger IV Co. (NASDAQ:FMIV – Get Rating) saw a significant drop in short-term interest during the month of March. As of March 31, there was short interest totaling 5,800 shares, down 46.8% from the March 15 total of 10,900 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 104,600 shares, the day-to-cover ratio is currently 0.1 day.
Hedge funds have recently changed their stock holdings. Omni Partners US LLC increased its equity stake in Forum Merger IV by 4.3% in the third quarter. Omni Partners US LLC now owns 566,982 shares of the company worth $5,533,000 after acquiring an additional 23,364 shares in the last quarter. Citadel Advisors LLC increased its holdings of Forum Merger IV shares by 9.4% in the third quarter. Citadel Advisors LLC now owns 1,783,470 shares of the company worth $17,407,000 after acquiring an additional 153,334 shares in the last quarter. Periscope Capital Inc. acquired a new position in shares of Forum Merger IV in the third quarter worth $732,000. Millennium Management LLC increased its equity stake in Forum Merger IV by 350.0% in the third quarter. Millennium Management LLC now owns 1,125,000 shares of the company worth $10,980,000 after acquiring an additional 875,000 shares in the last quarter. Finally, Highbridge Capital Management LLC increased its equity stake in Forum Merger IV by 9.6% in the third quarter. Highbridge Capital Management LLC now owns 1,995,980 shares of the company worth $19,481,000 after acquiring an additional 175,184 shares in the last quarter. 57.60% of the shares are held by hedge funds and other institutional investors.
FMIV stock traded down $0.01 at noon on Friday, hitting $9.80. 2,453 shares were traded, against an average volume of 221,834. The stock’s 50-day moving average price is $9.74 and its 200-day moving average price is $9.75. Forum Merger IV has a fifty-two week minimum of $9.63 and a fifty-two week maximum of $9.92.
About Forum Fusion IV (Get an evaluation)
Forum Merger IV Corporation intends to enter into a merger, 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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