Epiphany Technology Acquisition Corp. (NASDAQ:EPHY) Short Interest Up 191.1% in June

Epiphany Technology Acquisition Corp. (NASDAQ:EPHY – Get Rating) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 58,800 shares, an increase of 191.1% from the June 15th total of 20,200 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 107,500 shares, the days-to-cover ratio is currently 0.5 days.

Epiphany Technology Acquisition Price Performance

Shares of EPHY stock opened at $9.87 on Friday. The business has a 50-day simple moving average of $9.82 and a 200-day simple moving average of $9.79. Epiphany Technology Acquisition has a 52-week low of $9.63 and a 52-week high of $9.85.

Hedge Funds Weigh In On Epiphany Technology Acquisition

A number of large investors have recently bought and sold shares of EPHY. Saba Capital Management L.P. raised its holdings in shares of Epiphany Technology Acquisition by 105.1% during the first quarter. Saba Capital Management L.P. now owns 2,816,395 shares of the company's stock valued at $27,657,000 after acquiring an additional 1,443,157 shares during the last quarter. Bank of America Corp DE grew its position in shares of Epiphany Technology Acquisition by 573.9% in the first quarter. Bank of America Corp DE now owns 1,015,373 shares of the company's stock valued at $9,971,000 after purchasing an additional 864,700 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Epiphany Technology Acquisition by 138.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,012,183 shares of the company's stock valued at $9,879,000 after purchasing an additional 587,478 shares in the last quarter. Marshall Wace LLP grew its position in shares of Epiphany Technology Acquisition by 68.5% in the fourth quarter. Marshall Wace LLP now owns 1,408,822 shares of the company's stock valued at $13,750,000 after purchasing an additional 572,911 shares in the last quarter. Finally, Kohlberg Kravis Roberts & Co. L.P. purchased a new stake in shares of Epiphany Technology Acquisition in the first quarter valued at approximately $4,705,000. Institutional investors and hedge funds own 67.20% of the company's stock.

Epiphany Technology Acquisition Company Profile

Epiphany Technology Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Palo Alto, California.

Further Reading

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