Short Interest in Highview Merger Corp. (NASDAQ:HVMC) Decreases By 64.8%

Highview Merger Corp. (NASDAQ:HVMC) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 4,119 shares, a drop of 64.8% from the July 15th total of 11,704 shares. Based on an average daily volume of 161,159 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Highview Merger

Large investors have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Highview Merger in the fourth quarter worth $4,000,000. Periscope Capital Inc. purchased a new position in Highview Merger in the fourth quarter worth about $3,928,000. Picton Mahoney Asset Management bought a new stake in Highview Merger during the fourth quarter worth approximately $2,000,000. Mint Tower Capital Management B.V. purchased a new stake in Highview Merger during the fourth quarter valued at approximately $250,000. Finally, First Trust Capital Management L.P. bought a new stake in shares of Highview Merger in the 4th quarter valued at approximately $2,500,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Highview Merger from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. One analyst has rated the stock with a Sell rating, According to MarketBeat, Highview Merger presently has a consensus rating of “Sell”.

Highview Merger Trading Up 0.7%

NASDAQ HVMC traded up $0.07 during trading hours on Friday, reaching $10.29. The company’s stock had a trading volume of 10 shares, compared to its average volume of 65,270. The business’s 50-day moving average is $10.19. Highview Merger has a 1 year low of $9.93 and a 1 year high of $10.22.

Highview Merger (NASDAQ:HVMC) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter.

Highview Merger Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.