Equity Distribution Acquisition Corp. (NYSE:EQD) sees significant growth in short-term interest

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Equity Distribution Acquisition Corp. (NYSE: EQDGet a rating) was the target of a significant increase in short interest during the month of May. As of May 31, there was short interest totaling 24,600 shares, an increase of 119.6% from the May 15 total of 11,200 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 98,400 shares, the short interest ratio is currently 0.3 days.

Shares Distribution Acquisition of shares traded at $0.01 during Friday’s trading, reaching $9.93. The stock recorded trading volume of 39,398 shares, compared to an average trading volume of 49,854 shares. Equity Distribution Acquisition has a 1-year low of $9.72 and a 1-year high of $9.94. The stock’s 50-day moving average is $9.90 and its two-hundred-day moving average is $9.86.

Institutional investors have recently been buying and selling shares of the stock. Integrity Capital Management HK Ltd bought a new position in Equity Distribution Acquisition in the first quarter, valued at around $38,000. Dark Forest Capital Management LP acquired a new stake in Equity Distribution Acquisition during Q3 for $90,000. Mariner Investment Group LLC purchased a new stake in Equity Distribution Acquisition during Q4, valued at $100,000. Privium Fund Management UK Ltd acquired a new stake in Equity Distribution Acquisition during the 1st quarter for a value of $101,000. Finally, DAVENPORT & Co LLC acquired a new stake in Equity Distribution Acquisition during the 1st quarter for a value of $119,000. Institutional investors and hedge funds own 75.93% of the company’s shares.

About the stock distribution acquisition (Get a rating)

Equity Distribution Acquisition Corp. has no significant activities. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or related business combination with one or more businesses or entities. Equity Distribution Acquisition Corp. was incorporated in 2020 and is based in Chicago, Illinois.

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