Battery Future Acquisition Corp. (NYSE:BFAC) Sees Significant Decrease in Short Interest

Posted by Stacy Sanders on Nov 29th, 2024

Battery Future Acquisition Corp. (NYSE:BFAC – Get Free Report) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 200 shares, a decline of 83.3% from the October 31st total of 1,200 shares. Based on an average daily volume of 9,000 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Battery Future Acquisition Trading Down 0.1 %

BFAC stock traded down $0.01 during midday trading on Friday, hitting $11.11. 449 shares of the company traded hands, compared to its average volume of 44,600. Battery Future Acquisition has a twelve month low of $10.78 and a twelve month high of $11.55. The business has a 50 day simple moving average of $11.11 and a 200-day simple moving average of $11.09.

Institutional Trading of Battery Future Acquisition

Several hedge funds have recently added to or reduced their stakes in BFAC. Berkley W R Corp grew its position in Battery Future Acquisition by 30.6% in the 2nd quarter. Berkley W R Corp now owns 198,180 shares of the company’s stock worth $2,188,000 after purchasing an additional 46,421 shares during the last quarter. Spartan Fund Management Inc. grew its position in Battery Future Acquisition by 11,925.4% during the second quarter. Spartan Fund Management Inc. now owns 50,747 shares of the company’s stock worth $561,000 after buying an additional 50,325 shares in the last quarter. Finally, Mizuho Securities USA LLC increased its stake in Battery Future Acquisition by 95.9% during the third quarter. Mizuho Securities USA LLC now owns 313,872 shares of the company’s stock valued at $3,468,000 after acquiring an additional 153,672 shares during the period. Institutional investors own 74.70% of the company’s stock.

About Battery Future Acquisition

(Get Free Report)

Battery Future Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to target assets or companies along the battery value chain.