Moringa Acquisition Corp (NASDAQ:MACAW) Sees Significant Growth in Short Interest

Moringa Acquisition Corp (NASDAQ:MACAW) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 2,800 shares, a growth of 133.3% from the February 29th total of 1,200 shares. Based on an average trading volume of 2,200 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On Moringa Acquisition

An institutional investor recently bought a new position in Moringa Acquisition stock. Aristeia Capital LLC bought a new position in shares of Moringa Acquisition Corp (NASDAQ:MACAW) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 242,174 shares of the company’s stock, valued at approximately $53,000.

Moringa Acquisition Stock Performance

NASDAQ MACAW remained flat at $0.08 during trading hours on Thursday. The company had a trading volume of 4,500 shares, compared to its average volume of 5,644. The stock has a 50-day simple moving average of $0.06 and a 200 day simple moving average of $0.04. Moringa Acquisition has a 1 year low of $0.02 and a 1 year high of $0.14.

About Moringa Acquisition

Moringa Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. The company focuses on pursuing opportunities in technology-based businesses or industries in Israel.