99 Acquisition Group Inc. (NASDAQ:NNAG) Sees Significant Growth in Short Interest

99 Acquisition Group Inc. (NASDAQ:NNAGGet Free Report) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 74,600 shares, a growth of 8,188.9% from the January 31st total of 900 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily volume of 67,900 shares, the short-interest ratio is presently 1.1 days.

99 Acquisition Group Price Performance

NASDAQ NNAG remained flat at $10.27 on Wednesday. The company had a trading volume of 229 shares, compared to its average volume of 43,420. The company has a 50-day moving average price of $10.23. 99 Acquisition Group has a 12 month low of $10.08 and a 12 month high of $10.53.

Hedge Funds Weigh In On 99 Acquisition Group

Several large investors have recently made changes to their positions in NNAG. Schechter Investment Advisors LLC purchased a new position in shares of 99 Acquisition Group in the fourth quarter valued at about $5,501,000. Bulldog Investors LLP purchased a new position in shares of 99 Acquisition Group in the fourth quarter valued at about $4,266,000. Kim LLC purchased a new position in shares of 99 Acquisition Group in the fourth quarter valued at about $3,566,000. Wealthspring Capital LLC purchased a new stake in shares of 99 Acquisition Group in the fourth quarter worth about $2,986,000. Finally, ATW Spac Management LLC purchased a new stake in shares of 99 Acquisition Group in the fourth quarter worth about $2,852,000.

99 Acquisition Group Company Profile

(Get Free Report)

99 Acquisition Group Inc does not have significant operation. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on identifying businesses in the real estate industry.

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