Mangrove Partners IM LLC Buys Shares of 307,818 YHN Acquisition I Limited $YHNA

Mangrove Partners IM LLC purchased a new position in shares of YHN Acquisition I Limited (NASDAQ:YHNA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 307,818 shares of the company’s stock, valued at approximately $3,223,000. Mangrove Partners IM LLC owned approximately 3.86% of YHN Acquisition I as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Berkley W R Corp lifted its position in shares of YHN Acquisition I by 33.7% in the second quarter. Berkley W R Corp now owns 673,553 shares of the company’s stock valued at $6,962,000 after acquiring an additional 169,637 shares in the last quarter.

YHN Acquisition I Price Performance

NASDAQ:YHNA opened at $10.74 on Friday. The firm has a 50 day simple moving average of $10.74 and a 200-day simple moving average of $10.61. YHN Acquisition I Limited has a 1-year low of $10.14 and a 1-year high of $11.40.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of YHN Acquisition I in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

YHN Acquisition I Company Profile

YH Acquisition I Co is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker YHNA. As a blank‐check vehicle, the company was formed to effect one or more business combinations, mergers, share exchanges or similar transactions with one or more operating businesses or assets. It does not have operations of its own and holds its proceeds in a trust account until completion of a qualifying transaction.

The firm’s sponsor, YH Capital Partners, brings experience in growth capital and private equity investing across technology, consumer, and industrial sectors.