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2023-02-12 14:11
Worldwide Webb Acquisition Corp. (NASDAQ:WWAC – Get Rating) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 2,500 shares, a growth of 31.6% from the January 15th total of 1,900 shares. Based on an average daily volume of 76,300 shares, the short-interest ratio is currently 0.0 days.
Shares of NASDAQ WWAC opened at $10.26 on Friday. Worldwide Webb Acquisition has a one year low of $9.77 and a one year high of $10.75. The company's fifty day moving average is $10.19 and its two-hundred day moving average is $10.06.
Get Worldwide Webb Acquisition alerts:Several institutional investors and hedge funds have recently made changes to their positions in WWAC. Basso Capital Management L.P. boosted its position in shares of Worldwide Webb Acquisition by 607.7% in the 1st quarter. Basso Capital Management L.P. now owns 176,916 shares of the company's stock worth $1,743,000 after buying an additional 151,916 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Worldwide Webb Acquisition in the 1st quarter worth about $3,925,000. Prelude Capital Management LLC purchased a new stake in shares of Worldwide Webb Acquisition in the 1st quarter worth about $591,000. Rivernorth Capital Management LLC purchased a new stake in shares of Worldwide Webb Acquisition in the 1st quarter worth about $1,430,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Worldwide Webb Acquisition by 1.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 444,242 shares of the company's stock worth $4,376,000 after buying an additional 6,266 shares in the last quarter. 75.68% of the stock is currently owned by hedge funds and other institutional investors.
Worldwide Webb Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify business opportunities in the field of direct-to-consumer brands, amazon-centric, online marketplace, food tech, new media, digital health, software-as-a-service, fintech, and others.
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