East Resources Acquisition (NASDAQ:ERES – Get Rating) was the recipient of a large decline in short interest during the month of December. As of December 30th, there was short interest totalling 6,200 shares, a decline of 8.8% from the December 15th total of 6,800 shares. Based on an average daily volume of 16,500 shares, the days-to-cover ratio is presently 0.4 days.
East Resources Acquisition Stock Performance
NASDAQ:ERES traded up $0.01 on Tuesday, hitting $10.16. 14,870 shares of the stock were exchanged, compared to its average volume of 10,305. East Resources Acquisition has a 52 week low of $9.86 and a 52 week high of $10.29. The company’s 50-day moving average price is $10.14 and its 200 day moving average price is $10.08.
Institutional Trading of East Resources Acquisition
Several institutional investors and hedge funds have recently added to or reduced their stakes in ERES. Jane Street Group LLC increased its stake in shares of East Resources Acquisition by 0.3% in the 1st quarter. Jane Street Group LLC now owns 646,452 shares of the company’s stock valued at $6,406,000 after acquiring an additional 1,957 shares during the last quarter. Kohlberg Kravis Roberts & Co. L.P. raised its holdings in East Resources Acquisition by 2.8% in the second quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 560,170 shares of the company’s stock worth $5,590,000 after purchasing an additional 15,004 shares during the period. Millennium Management LLC boosted its position in shares of East Resources Acquisition by 6.8% during the second quarter. Millennium Management LLC now owns 369,112 shares of the company’s stock worth $3,684,000 after purchasing an additional 23,348 shares in the last quarter. Sculptor Capital LP grew its holdings in shares of East Resources Acquisition by 7.9% in the 2nd quarter. Sculptor Capital LP now owns 303,795 shares of the company’s stock valued at $3,031,000 after buying an additional 22,166 shares during the period. Finally, Centiva Capital LP grew its holdings in shares of East Resources Acquisition by 16.8% in the 2nd quarter. Centiva Capital LP now owns 195,174 shares of the company’s stock valued at $1,948,000 after buying an additional 28,029 shares during the period.
About East Resources Acquisition
East Resources Acquisition Company does not have significant operations. The company focuses on effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to identify business opportunities in the field of energy in North America.
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