Authentic Equity Acquisition Corp. (NASDAQ:AEAC) Short Interest Down 28.5% in August

Authentic Equity Acquisition Corp. (NASDAQ:AEAC) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 15,300 shares, a decline of 28.5% from the August 15th total of 21,400 shares. Based on an average daily volume of 13,100 shares, the short-interest ratio is presently 1.2 days.

NASDAQ AEAC opened at $9.71 on Tuesday. Authentic Equity Acquisition has a 12-month low of $9.51 and a 12-month high of $9.87. The firm has a 50-day simple moving average of $9.69.

A number of hedge funds and other institutional investors have recently bought and sold shares of AEAC. Goldman Sachs Group Inc. lifted its holdings in shares of Authentic Equity Acquisition by 1,161.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,004,710 shares of the company’s stock worth $9,736,000 after acquiring an additional 925,056 shares during the period. Bank of America Corp DE lifted its holdings in shares of Authentic Equity Acquisition by 29.6% during the 2nd quarter. Bank of America Corp DE now owns 937,577 shares of the company’s stock worth $9,085,000 after acquiring an additional 214,399 shares during the period. Castle Creek Arbitrage LLC bought a new stake in shares of Authentic Equity Acquisition during the 1st quarter worth approximately $7,135,000. Periscope Capital Inc. lifted its holdings in shares of Authentic Equity Acquisition by 1,252.2% during the 2nd quarter. Periscope Capital Inc. now owns 676,119 shares of the company’s stock worth $6,551,000 after acquiring an additional 626,119 shares during the period. Finally, Sculptor Capital LP bought a new stake in shares of Authentic Equity Acquisition during the 1st quarter worth approximately $5,250,000. 55.33% of the stock is owned by hedge funds and other institutional investors.

About Authentic Equity Acquisition

Authentic Equity Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded in 2020 and is based in Rye, New York.

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