Z-Work Acquisition Corp. (NASDAQ:ZWRK) sees significant growth in short-term interest

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Z-Work Acquisition Corp. (NASDAQ: ZWRKGet a rating) benefited from a sharp rise in short-term interest rates in April. As of April 15, there was short interest totaling 1,900 shares, a 35.7% increase from the March 31 total of 1,400 shares. Approximately 0.0% of the stock’s shares are sold short. Based on an average daily volume of 40,000 shares, the short-term interest rate ratio is currently 0.0 day.

Shares of NASDAQ: ZWRK opened at $9.83 on Monday. The company has a fifty-day moving average price of $9.78 and a two-hundred-day moving average price of $9.76. Vesting Z-Work has a one-year minimum of $9.60 and a one-year maximum of $9.85.

A number of large investors have recently changed their positions in ZWRK. Robinson Capital Management LLC bought a new position in Z-Work Acquisition in Q3 worth $101,000. Magnetar Financial LLC purchased a new stake in Z-Work Acquisition during the third quarter valued at approximately $101,000. Bulldog Investors LLP purchased a new stake in Z-Work Acquisition during the third quarter valued at approximately $2,147,000. Wolverine Asset Management LLC increased its stake in Z-Work Acquisition by 144.3% during the third quarter. Wolverine Asset Management LLC now owns 29,668 shares of the company worth $288,000 after purchasing an additional 17,526 shares in the last quarter. Finally, Sculptor Capital LP increased its stake in Z-Work Acquisition by 1.2% during the third quarter. Sculptor Capital LP now owns 506,150 shares of the company worth $4,929,000 after purchasing an additional 6,152 shares in the last quarter. 51.19% of the shares are held by hedge funds and other institutional investors.

Z-Work Acquiring Company Profile (Get a rating)

Z-Work Acquisition Corp. has no significant activities. It focuses on completing a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or several companies. The company was incorporated in 2020 and is based in New York, New York.

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