Roth Ch Acquisition V (NASDAQ:ROCL) Trading Down 8.2% – Here’s What Happened

Roth Ch Acquisition V Co. (NASDAQ:ROCL)’s share price dropped 8.2% during trading on Tuesday . The stock traded as low as $9.85 and last traded at $9.88. Approximately 112,900 shares traded hands during mid-day trading, an increase of 778% from the average daily volume of 12,858 shares. The stock had previously closed at $10.76.

Roth Ch Acquisition V Stock Down 8.2 %

The stock has a 50-day simple moving average of $11.01 and a 200 day simple moving average of $11.10.

Hedge Funds Weigh In On Roth Ch Acquisition V

A hedge fund recently bought a new stake in Roth Ch Acquisition V stock. Warberg Asset Management LLC acquired a new position in shares of Roth Ch Acquisition V Co. (NASDAQ:ROCL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,679 shares of the company’s stock, valued at approximately $493,000. Warberg Asset Management LLC owned approximately 0.76% of Roth Ch Acquisition V at the end of the most recent reporting period. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Roth Ch Acquisition V Company Profile

Roth Ch Acquisition V Co does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. It intends to acquire businesses in the business services, consumer, healthcare, technology, wellness, and sustainability sectors.