Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Sees Significant Drop in Short Interest

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 100 shares, a decline of 66.7% from the October 15th total of 300 shares. Based on an average daily volume of 55,300 shares, the short-interest ratio is presently 0.0 days.

Alchemy Investments Acquisition Corp 1 Stock Performance

ALCY remained flat at $10.90 on Tuesday. The business has a fifty day moving average price of $10.88 and a 200-day moving average price of $10.79. Alchemy Investments Acquisition Corp 1 has a twelve month low of $10.35 and a twelve month high of $11.85.

Hedge Funds Weigh In On Alchemy Investments Acquisition Corp 1

Several institutional investors and hedge funds have recently modified their holdings of the business. Condor Capital Management grew its holdings in Alchemy Investments Acquisition Corp 1 by 19.7% in the first quarter. Condor Capital Management now owns 19,647 shares of the company’s stock valued at $208,000 after purchasing an additional 3,237 shares during the period. Virtu Financial LLC purchased a new position in Alchemy Investments Acquisition Corp 1 during the first quarter valued at $368,000. Berkley W R Corp acquired a new stake in shares of Alchemy Investments Acquisition Corp 1 in the second quarter valued at about $3,269,000. Wolverine Asset Management LLC increased its stake in shares of Alchemy Investments Acquisition Corp 1 by 235.0% during the second quarter. Wolverine Asset Management LLC now owns 334,982 shares of the company’s stock worth $3,591,000 after purchasing an additional 234,982 shares in the last quarter. Finally, Mizuho Securities USA LLC raised its position in shares of Alchemy Investments Acquisition Corp 1 by 228.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 939,737 shares of the company’s stock worth $10,187,000 after purchasing an additional 653,388 shares during the last quarter. Hedge funds and other institutional investors own 92.46% of the company’s stock.

Alchemy Investments Acquisition Corp 1 Company Profile

Alchemy Investments Acquisition Corp 1, a special purpose acquisition company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It plans to focus on companies acquiring, processing, analysing, and utilizing data acquired from various systems and sources.