Battery Future Acquisition Corp. (NYSE:BFAC) Sees Large Decline in Short Interest

Posted by Financial News Live on Nov 30th, 2024

Battery Future Acquisition Corp. (NYSE:BFAC – Get Free Report) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 200 shares, a decline of 83.3% from the October 31st total of 1,200 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 9,000 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Battery Future Acquisition

Several institutional investors have recently bought and sold shares of BFAC. Spartan Fund Management Inc. grew its stake in Battery Future Acquisition by 11,925.4% during the second quarter. Spartan Fund Management Inc. now owns 50,747 shares of the company’s stock worth $561,000 after buying an additional 50,325 shares during the last quarter. Berkley W R Corp boosted its holdings in shares of Battery Future Acquisition by 30.6% in the 2nd quarter. Berkley W R Corp now owns 198,180 shares of the company’s stock worth $2,188,000 after acquiring an additional 46,421 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its position in Battery Future Acquisition by 95.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 313,872 shares of the company’s stock worth $3,468,000 after acquiring an additional 153,672 shares during the last quarter. Institutional investors and hedge funds own 74.70% of the company’s stock.

Battery Future Acquisition Trading Down 0.1 %

Shares of BFAC stock traded down $0.01 during trading hours on Friday, hitting $11.11. The company had a trading volume of 449 shares, compared to its average volume of 44,600. Battery Future Acquisition has a 12 month low of $10.78 and a 12 month high of $11.55. The firm’s fifty day moving average is $11.11 and its 200 day moving average is $11.09.

About Battery Future Acquisition

(Get Free Report)

Battery Future Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to target assets or companies along the battery value chain.