Bridgetown Holdings Limited (NASDAQ:BTWNW – Get Free Report) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 24,500 shares, a drop of 15.5% from the August 15th total of 29,000 shares. Based on an average trading volume of 37,400 shares, the days-to-cover ratio is presently 0.7 days.
Institutional Investors Weigh In On Bridgetown
Institutional investors have recently modified their holdings of the business. Walleye Capital LLC bought a new position in Bridgetown during the 2nd quarter worth approximately $28,000. Periscope Capital Inc. boosted its stake in Bridgetown by 454.6% during the 1st quarter. Periscope Capital Inc. now owns 350,000 shares of the company’s stock worth $60,000 after acquiring an additional 286,887 shares during the last quarter. Finally, Q Global Advisors LLC bought a new position in Bridgetown during the 4th quarter worth approximately $58,000.
Bridgetown Trading Up 7.1 %
BTWNW traded up $0.02 during midday trading on Monday, hitting $0.26. The company had a trading volume of 41,079 shares, compared to its average volume of 34,409. Bridgetown has a twelve month low of $0.06 and a twelve month high of $0.35. The firm’s 50-day simple moving average is $0.20 and its 200-day simple moving average is $0.20.
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