Bowen Acquisition Corp (NASDAQ:BOWN) Sees Significant Growth in Short Interest

Posted by Stacy Sanders on Jul 11th, 2024

Bowen Acquisition Corp (NASDAQ:BOWN – Get Free Report) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totalling 1,500 shares, an increase of 1,400.0% from the June 15th total of 100 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 21,300 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Robinson Capital Management LLC bought a new position in shares of Bowen Acquisition in the 4th quarter valued at about $52,000. Clear Street LLC grew its position in shares of Bowen Acquisition by 371.4% in the 4th quarter. Clear Street LLC now owns 17,457 shares of the company’s stock valued at $180,000 after acquiring an additional 13,754 shares during the period. Mizuho Securities USA LLC bought a new position in shares of Bowen Acquisition in the 1st quarter valued at about $415,000. Hudson Bay Capital Management LP bought a new position in shares of Bowen Acquisition in the 3rd quarter valued at about $1,276,000. Finally, Wealthspring Capital LLC bought a new position in shares of Bowen Acquisition in the 4th quarter valued at about $1,431,000. Institutional investors own 59.34% of the company’s stock.

Bowen Acquisition Stock Up 0.1 %

Bowen Acquisition stock traded up $0.01 during mid-day trading on Thursday, reaching $10.58. The company’s stock had a trading volume of 1,592 shares, compared to its average volume of 33,870. The business’s 50 day simple moving average is $10.54 and its 200 day simple moving average is $10.45. Bowen Acquisition has a 12 month low of $10.10 and a 12 month high of $10.63.