Lightwave Acquisition Corp. (NASDAQ:LWACU) Short Interest Down 33.3% in October

Lightwave Acquisition Corp. (NASDAQ:LWACU) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 200 shares, a drop of 33.3% from the September 30th total of 300 shares. Based on an average trading volume of 23,300 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 23,300 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Lightwave Acquisition

Several large investors have recently modified their holdings of the company. AQR Arbitrage LLC bought a new position in shares of Lightwave Acquisition during the 2nd quarter worth about $14,070,000. Magnetar Financial LLC bought a new stake in shares of Lightwave Acquisition during the second quarter worth approximately $10,279,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in shares of Lightwave Acquisition during the second quarter worth approximately $10,060,000. LMR Partners LLP bought a new stake in Lightwave Acquisition in the second quarter valued at approximately $9,054,000. Finally, Alberta Investment Management Corp bought a new stake in Lightwave Acquisition in the second quarter valued at approximately $7,538,000.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Lightwave Acquisition to a “hold” rating in a report on Sunday, July 6th.

Lightwave Acquisition Stock Performance

Shares of NASDAQ:LWACU remained flat at $10.13 during trading on Monday. 4 shares of the stock were exchanged, compared to its average volume of 62,997. Lightwave Acquisition has a 12 month low of $10.00 and a 12 month high of $10.50. The stock’s fifty day moving average is $10.07.

Lightwave Acquisition Company Profile

We are a blank check company incorporated on January 22, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.