Osprey Technology Acquisition Corp. (NYSE:SFTW) Sees Significant Increase in Short Interest


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Osprey Technology Acquisition Corp. (NYSE:SFTW) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,120,000 shares, an increase of 37.7% from the March 15th total of 813,100 shares. Based on an average daily trading volume, of 2,180,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 3.6% of the shares of the company are short sold.

NYSE:SFTW traded down $0.07 during midday trading on Monday, hitting $9.95. The company’s stock had a trading volume of 33,594 shares, compared to its average volume of 2,012,703. Osprey Technology Acquisition has a fifty-two week low of $9.60 and a fifty-two week high of $17.47. The company’s 50 day simple moving average is $10.77.

A number of large investors have recently modified their holdings of SFTW. Fort Baker Capital Management LP acquired a new position in Osprey Technology Acquisition in the 3rd quarter worth approximately $5,095,000. Toronto Dominion Bank acquired a new position in Osprey Technology Acquisition in the 4th quarter worth approximately $4,207,000. JPMorgan Chase & Co. acquired a new position in Osprey Technology Acquisition in the 3rd quarter worth approximately $2,659,000. Ramius Advisors LLC boosted its position in Osprey Technology Acquisition by 113.4% in the 4th quarter. Ramius Advisors LLC now owns 492,364 shares of the company’s stock worth $5,155,000 after purchasing an additional 261,654 shares in the last quarter. Finally, Aristeia Capital LLC purchased a new stake in Osprey Technology Acquisition in the 3rd quarter worth approximately $2,039,000. Institutional investors own 57.19% of the company’s stock.

About Osprey Technology Acquisition

Osprey Technology Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. It intends to focus on opportunities in the technology sector, primarily companies pursuing a Software-as-a-Service model. The company was incorporated in 2018 and is based in Philadelphia, Pennsylvania.

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