Adit EdTech Acquisition Corp. (NYSE:ADEX) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 31,700 shares, a growth of 25.3% from the August 15th total of 25,300 shares. Based on an average daily volume of 14,900 shares, the short-interest ratio is currently 2.1 days. Approximately 0.1% of the company’s stock are short sold.
Several institutional investors and hedge funds have recently modified their holdings of the company. Kohlberg Kravis Roberts & Co. L.P. increased its holdings in shares of Adit EdTech Acquisition by 10.6% in the 2nd quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 46,803 shares of the company’s stock valued at $454,000 after purchasing an additional 4,474 shares during the period. Paloma Partners Management Co acquired a new position in Adit EdTech Acquisition in the second quarter worth approximately $337,000. Alberta Investment Management Corp increased its holdings in Adit EdTech Acquisition by 332.0% in the second quarter. Alberta Investment Management Corp now owns 119,239 shares of the company’s stock worth $1,155,000 after buying an additional 91,638 shares during the last quarter. Berkley W R Corp increased its holdings in Adit EdTech Acquisition by 31.5% in the second quarter. Berkley W R Corp now owns 140,646 shares of the company’s stock worth $1,364,000 after buying an additional 33,682 shares during the last quarter. Finally, Cohanzick Management LLC acquired a new position in Adit EdTech Acquisition in the second quarter worth approximately $485,000. Institutional investors own 53.13% of the company’s stock.
Shares of ADEX opened at $9.69 on Tuesday. Adit EdTech Acquisition has a fifty-two week low of $9.44 and a fifty-two week high of $9.92. The firm has a 50-day simple moving average of $9.67.
Adit EdTech Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in New York, New York.
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