Lux Health Tech Acquisition Corp. (NASDAQ:LUXA) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 477,500 shares, a drop of 24.7% from the August 15th total of 634,300 shares. Based on an average daily volume of 93,500 shares, the days-to-cover ratio is currently 5.1 days.
Several hedge funds have recently modified their holdings of LUXA. Empyrean Capital Partners LP acquired a new position in shares of Lux Health Tech Acquisition in the 1st quarter worth $18,493,000. Senator Investment Group LP acquired a new stake in Lux Health Tech Acquisition during the first quarter valued at $15,134,000. MYDA Advisors LLC acquired a new stake in Lux Health Tech Acquisition during the first quarter valued at $10,065,000. Governors Lane LP acquired a new stake in Lux Health Tech Acquisition during the first quarter valued at $7,446,000. Finally, Silver Rock Financial LP acquired a new stake in Lux Health Tech Acquisition during the first quarter valued at $7,227,000. Institutional investors own 46.10% of the company’s stock.
Shares of LUXA stock traded up $0.02 during mid-day trading on Wednesday, hitting $9.83. 27 shares of the stock traded hands, compared to its average volume of 176,255. Lux Health Tech Acquisition has a twelve month low of $9.68 and a twelve month high of $13.27. The company’s 50-day simple moving average is $9.83 and its 200-day simple moving average is $10.02.
Lux Health Tech Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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