Decagon Asset Management LLP Takes $1.28 Million Position in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU)

Decagon Asset Management LLP purchased a new position in shares of Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 127,801 shares of the company’s stock, valued at approximately $1,282,000. Malacca Straits Acquisition makes up approximately 0.5% of Decagon Asset Management LLP’s holdings, making the stock its 27th biggest holding.

A number of other institutional investors have also recently bought and sold shares of MLACU. Tuttle Capital Management LLC purchased a new stake in Malacca Straits Acquisition during the 4th quarter worth about $401,000. Deltec Asset Management LLC purchased a new stake in Malacca Straits Acquisition in the 4th quarter worth approximately $502,000. Wolverine Asset Management LLC purchased a new position in shares of Malacca Straits Acquisition in the 4th quarter valued at approximately $5,767,000. Wealthspring Capital LLC purchased a new position in Malacca Straits Acquisition during the fourth quarter valued at $119,000. Finally, Schechter Investment Advisors LLC bought a new stake in shares of Malacca Straits Acquisition in the fourth quarter worth $1,543,000.

Malacca Straits Acquisition Stock Performance

Shares of Malacca Straits Acquisition stock opened at $10.20 on Wednesday. The stock’s 50-day simple moving average is $10.13 and its 200-day simple moving average is $10.36. Malacca Straits Acquisition Company Limited has a 52 week low of $10.00 and a 52 week high of $10.20.

Malacca Straits Acquisition Company Profile

Malacca Straits Acquisition Company Limited does not have significant business. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media, food processing, renewable energy, and healthcare industries.