Tuscan Holdings Corp. (OTCMKTS:THCBU) dropped 0.4% during mid-day trading on Wednesday . The company traded as low as $10.40 and last traded at $10.40, approximately 200 shares changed hands during mid-day trading. A decline of 100% from the average daily volume of 60,806 shares. The stock had previously closed at $10.44.
The company has a 50-day moving average of $10.68.
A hedge fund recently raised its stake in Tuscan stock. Polar Asset Management Partners Inc. increased its position in Tuscan Holdings Corp. (OTCMKTS:THCBU) by 121.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,550,000 shares of the company’s stock after buying an additional 850,000 shares during the period. Polar Asset Management Partners Inc.’s holdings in Tuscan were worth $16,430,000 at the end of the most recent reporting period.
Tuscan Holdings Corp. intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with businesses and entities. The company was founded in 2018 and is based in New York, New York.
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