RMG Acquisition Corp. III (NASDAQ:RMGC) Short Interest Update

RMG Acquisition Corp. III (NASDAQ:RMGC – Get Rating) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 3,300 shares, a drop of 45.9% from the April 30th total of 6,100 shares. Based on an average daily volume of 5,600 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Trading of RMG Acquisition Corp. III

Several hedge funds and other institutional investors have recently modified their holdings of the business. Condor Capital Management purchased a new stake in RMG Acquisition Corp. III in the 3rd quarter worth approximately $37,000. PenderFund Capital Management Ltd. increased its holdings in shares of RMG Acquisition Corp. III by 50.2% in the 1st quarter. PenderFund Capital Management Ltd. now owns 3,155 shares of the company’s stock worth $39,000 after buying an additional 1,055 shares during the last quarter. Kohlberg Kravis Roberts & Co. L.P. bought a new position in shares of RMG Acquisition Corp. III in the 1st quarter worth $109,000. Clear Street LLC increased its holdings in shares of RMG Acquisition Corp. III by 2,849.3% in the 4th quarter. Clear Street LLC now owns 20,350 shares of the company’s stock worth $205,000 after buying an additional 19,660 shares during the last quarter. Finally, Landscape Capital Management L.L.C. increased its holdings in shares of RMG Acquisition Corp. III by 128.4% in the 4th quarter. Landscape Capital Management L.L.C. now owns 27,875 shares of the company’s stock worth $281,000 after buying an additional 15,672 shares during the last quarter. Institutional investors own 78.26% of the company’s stock.

RMG Acquisition Corp. III Price Performance

Shares of RMGC stock opened at $10.12 on Friday. RMG Acquisition Corp. III has a 52 week low of $9.78 and a 52 week high of $10.21. The firm’s 50-day simple moving average is $10.09 and its two-hundred day simple moving average is $10.05.

RMG Acquisition Corp. III Company Profile

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RMG Acquisition Corp. III does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Miami Beach, Florida.