Foley Trasimene Acquisition Corp. (NYSE:WPF) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 587,500 shares, a decrease of 16.4% from the March 31st total of 703,100 shares. Based on an average trading volume of 2,760,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.6% of the shares of the company are sold short.
Shares of WPF traded up $0.02 during mid-day trading on Tuesday, hitting $10.11. 1,451,696 shares of the company’s stock were exchanged, compared to its average volume of 2,425,502. Foley Trasimene Acquisition has a 52 week low of $9.74 and a 52 week high of $14.51. The stock’s 50-day simple moving average is $10.10 and its 200-day simple moving average is $10.57.
In other Foley Trasimene Acquisition news, major shareholder Mfn Partners, Lp sold 4,100,000 shares of the stock in a transaction dated Wednesday, February 17th. The shares were sold at an average price of $11.00, for a total value of $45,100,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Separately, DA Davidson began coverage on shares of Foley Trasimene Acquisition in a report on Tuesday, April 27th. They issued a “buy” rating and a $20.00 price target on the stock.
Foley Trasimene Acquisition Company Profile
Foley Trasimene Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company focuses on identifying a prospective target business in financial technology or business process outsourcing.
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