Aries I Acquisition Corp – Class A (NASDAQ:RAM) Short Interest Down 88.2% in December

Aries I Acquisition Corp – Class A (NASDAQ:RAM) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 20,700 shares, a drop of 88.2% from the December 15th total of 174,700 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 77,600 shares, the days-to-cover ratio is currently 0.3 days.

A number of hedge funds have recently modified their holdings of RAM. Sage Mountain Advisors LLC purchased a new position in shares of Aries I Acquisition Corp – Class A in the third quarter valued at about $168,000. Advisor Group Holdings Inc. bought a new position in shares of Aries I Acquisition Corp – Class A in the third quarter worth about $74,000. Texas Yale Capital Corp. bought a new position in shares of Aries I Acquisition Corp – Class A in the third quarter worth about $100,000. Basso Capital Management L.P. bought a new position in shares of Aries I Acquisition Corp – Class A in the third quarter worth about $739,000. Finally, ATW Spac Management LLC bought a new position in shares of Aries I Acquisition Corp – Class A in the third quarter worth about $12,100,000. Institutional investors own 68.72% of the company’s stock.

Shares of RAM stock opened at $9.99 on Friday. Aries I Acquisition Corp – Class A has a 12-month low of $9.65 and a 12-month high of $10.20. The stock has a 50 day moving average of $9.99.

About Aries I Acquisition Corp – Class A

Aries I Acquisition Corporation is a blank check company. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or related business combination with one or more businesses. Aries I Acquisition Corporation is based in the Cayman Islands.

See Also: Net Margin – Understanding the Different Kinds of Profit

Receive News & Ratings for Aries I Acquisition Corp - Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aries I Acquisition Corp - Class A and related companies with MarketBeat.com's FREE daily email newsletter.