Short Interest in Moringa Acquisition Corp (NASDAQ:MACAW) Expands By 133.3%

Moringa Acquisition Corp (NASDAQ:MACAW) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 2,800 shares, a growth of 133.3% from the February 29th total of 1,200 shares. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is currently 1.3 days.

Moringa Acquisition Price Performance

Shares of NASDAQ MACAW remained flat at $0.08 during mid-day trading on Thursday. 4,500 shares of the stock were exchanged, compared to its average volume of 5,644. Moringa Acquisition has a 52-week low of $0.02 and a 52-week high of $0.14. The business has a fifty day moving average of $0.06 and a 200-day moving average of $0.04.

Institutional Investors Weigh In On Moringa Acquisition

An institutional investor recently bought a new position in Moringa Acquisition stock. Aristeia Capital LLC purchased a new stake in shares of Moringa Acquisition Corp (NASDAQ:MACAW) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 242,174 shares of the company’s stock, valued at approximately $53,000.

About Moringa Acquisition

Moringa Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. The company focuses on pursuing opportunities in technology-based businesses or industries in Israel.