Lazard Growth Acquisition Corp. I (NASDAQ:LGAC) Brief Interest Update

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Lazard Growth Acquisition Corp. I (NASDAQ:LGACGet a rating) was the target of a significant increase in short-term interest in May. As of May 15, there was short interest totaling 14,400 shares, an increase of 46.9% from the April 30 total of 9,800 shares. Based on an average trading volume of 143,600 shares, the day-to-cover ratio is currently 0.1 day. Approximately 0.0% of the stock’s shares are sold short.

Several hedge funds and other institutional investors have recently increased or reduced their stake in LGAC. Glazer Capital LLC raised its position in shares of Lazard Growth Acquisition Corp. I of 2,104.9% in the fourth quarter. Glazer Capital LLC now owns 3,219,615 shares of the company valued at $31,327,000 after acquiring an additional 3,073,591 shares in the last quarter. Sculptor Capital LP raised its position in Lazard Growth Acquisition Corp. I by 420.4% during the first quarter. Sculptor Capital LP now owns 2,622,405 shares of the company worth $25,700,000 after purchasing an additional 2,118,500 shares in the last quarter. Aristeia Capital LLC bought a new position in Lazard Growth Acquisition Corp. I during the first quarter for a value of approximately $14,700,000. Citadel Advisors LLC raised its position in Lazard Growth Acquisition Corp. I by 87.4% during the third quarter. Citadel Advisors LLC now owns 1,701,084 shares of the company worth $16,552,000 after purchasing an additional 793,278 shares last quarter. Finally, Marshall Wace LLP raised its position in Lazard Growth Acquisition Corp. I by 41.1% during the fourth quarter. Marshall Wace LLP now owns 2,692,165 shares of the company worth $26,196,000 after purchasing an additional 784,148 shares last quarter. Institutional investors and hedge funds own 80.39% of the company’s shares.

Shares of NASDAQ LGAC remained steady at $9.79 in Friday’s midday session. The stock recorded trading volume of 502,808 shares, compared to an average trading volume of 155,537 shares. The company’s 50-day simple moving average is $9.81 and its 200-day simple moving average is $9.77. Lazard Growth Acquisition Corp. I has a 1 year low of $9.63 and a 1 year high of $9.90.

Lazard Growth Acquisition Corp. I Company profile (Get a rating)

Lazard Growth Acquisition Corp. I have no important activities. The Company intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. She seeks opportunities in the healthcare, technology, energy transition, finance and consumer sub-sectors.

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