Rangeley Capital LLC purchased a new position in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 95,000 shares of the company’s stock, valued at approximately $953,000.
A number of other hedge funds also recently bought and sold shares of the business. Tuttle Capital Management LLC bought a new stake in Malacca Straits Acquisition in the fourth quarter worth $401,000. Deltec Asset Management LLC bought a new stake in shares of Malacca Straits Acquisition in the 4th quarter worth about $502,000. Wolverine Asset Management LLC purchased a new position in shares of Malacca Straits Acquisition during the 4th quarter worth about $5,767,000. Wealthspring Capital LLC bought a new position in Malacca Straits Acquisition during the 4th quarter valued at about $119,000. Finally, Schechter Investment Advisors LLC purchased a new stake in Malacca Straits Acquisition in the 4th quarter worth about $1,543,000.
Malacca Straits Acquisition Stock Performance
Shares of OTCMKTS:MLACU opened at $10.23 on Thursday. The business has a 50 day simple moving average of $10.17 and a two-hundred day simple moving average of $10.33. Malacca Straits Acquisition Company Limited has a 1 year low of $10.00 and a 1 year high of $10.32.
About Malacca Straits Acquisition
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.
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