Battery Future Acquisition Corp. (NYSE:BFAC) Short Interest Update

Battery Future Acquisition Corp. (NYSE:BFAC) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,200 shares, a growth of 300.0% from the October 15th total of 300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 8,000 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Berkley W R Corp boosted its position in shares of Battery Future Acquisition by 30.6% during the second quarter. Berkley W R Corp now owns 198,180 shares of the company’s stock valued at $2,188,000 after buying an additional 46,421 shares during the last quarter. Spartan Fund Management Inc. lifted its position in Battery Future Acquisition by 11,925.4% during the second quarter. Spartan Fund Management Inc. now owns 50,747 shares of the company’s stock valued at $561,000 after purchasing an additional 50,325 shares during the period. Karpus Management Inc. grew its position in Battery Future Acquisition by 77.5% in the 1st quarter. Karpus Management Inc. now owns 40,085 shares of the company’s stock worth $441,000 after purchasing an additional 17,500 shares during the period. Finally, Mizuho Securities USA LLC raised its stake in Battery Future Acquisition by 95.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 313,872 shares of the company’s stock valued at $3,468,000 after buying an additional 153,672 shares during the last quarter. Institutional investors own 74.70% of the company’s stock.

Battery Future Acquisition Stock Performance

NYSE:BFAC remained flat at $11.07 during midday trading on Wednesday. 111 shares of the company traded hands, compared to its average volume of 46,308. The stock has a 50-day simple moving average of $11.11 and a two-hundred day simple moving average of $11.09. Battery Future Acquisition has a one year low of $10.74 and a one year high of $11.55.

Battery Future Acquisition Company Profile

Battery Future Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to target assets or companies along the battery value chain.