The short stake in Northern Star Investment Corp. III (NYSE: NSTC) increases 272.2%


Northern Star Investment Corp. III (NYSE: NSTC – Get Rating) saw significant growth in short interest in May. As of May 15, there were short interests totaling 6,700 shares, a growth of 272.2% from the total of 1,800 shares as of April 30. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 52,800 shares, the short interest rate is currently 0.1 day.

Several hedge funds and other institutional investors have recently changed their positions in the stock. Cohanzick Management LLC has increased its stake in Northern Star Investment Corp. III by 421.9% in the first quarter. Cohanzick Management LLC now owns 11,220 shares of the technology company worth $110,000 after buying 9,070 additional shares last quarter. Athanor Capital LP increased its stake in Northern Star Investment Corp. III by 20.7% in the third quarter. Athanor Capital LP now owns 13,152 shares of the technology company worth $128,000 after buying 2,252 more shares last quarter. Qube Research & Technologies Ltd increased its position in shares of Northern Star Investment Corp. III by 72.7% during the fourth quarter. Qube Research & Technologies Ltd now owns 26,016 shares of the technology company worth $254,000 after buying 10,950 additional shares last quarter. JPMorgan Chase & Co. acquired a new position in shares of Northern Star Investment Corp. III during the fourth quarter with a value of $975,000. Finally, the Toronto Dominion Bank acquired a new position in shares of Northern Star Investment Corp. III during the first quarter with a value of $979,000. Hedge funds and other institutional investors own 63.28% of the company’s shares.

NYSE:NSTC shares were flat at $9.76 during Thursday trading hours. The company’s shares had a trading volume of 5,204 shares, compared to an average volume of 51,093. Northern Star Investment Corp. III has a fifty-two week minimum of $9.65 and a fifty-two week maximum of $9.91. The company has a 50-day simple moving average of $9.78 and a two-hundred-day simple moving average of $9.75.

Company Profile Northern Star Investment Corp. III (Get an assessment)

Northern Star Investment Corp. III does not carry out any important activities. It focuses on the effect of a merger, capital exchange, asset acquisition, stock purchase, reorganization or similar business combination with a or more companies or entities. The company intends to identify business opportunities in direct-to-consumer and digitally disruptive e-commerce spaces.

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