Dragoneer Growth Opportunities Corp. III (NASDAQ:DGNU) Sees Large Increase in Short Interest

Dragoneer Growth Opportunities Corp. III (NASDAQ:DGNUGet Rating) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 18,200 shares, a growth of 49.2% from the May 31st total of 12,200 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 247,200 shares, the short-interest ratio is presently 0.1 days.

Shares of NASDAQ DGNU traded up $0.01 on Friday, hitting $9.74. The company had a trading volume of 6,519 shares, compared to its average volume of 217,122. Dragoneer Growth Opportunities Corp. III has a 12-month low of $9.70 and a 12-month high of $10.05. The business has a 50 day moving average of $9.77 and a two-hundred day moving average of $9.77.

Several hedge funds and other institutional investors have recently modified their holdings of DGNU. Fort Baker Capital Management LP purchased a new stake in shares of Dragoneer Growth Opportunities Corp. III in the fourth quarter worth about $10,398,000. TD Asset Management Inc. lifted its stake in shares of Dragoneer Growth Opportunities Corp. III by 1,191.6% in the first quarter. TD Asset Management Inc. now owns 904,100 shares of the company’s stock worth $8,824,000 after acquiring an additional 834,100 shares in the last quarter. Sculptor Capital LP lifted its stake in shares of Dragoneer Growth Opportunities Corp. III by 148.1% in the first quarter. Sculptor Capital LP now owns 868,190 shares of the company’s stock worth $8,508,000 after acquiring an additional 518,190 shares in the last quarter. Omni Event Management Ltd acquired a new position in shares of Dragoneer Growth Opportunities Corp. III in the fourth quarter worth about $4,417,000. Finally, Radcliffe Capital Management L.P. lifted its stake in shares of Dragoneer Growth Opportunities Corp. III by 433.2% in the first quarter. Radcliffe Capital Management L.P. now owns 533,221 shares of the company’s stock worth $5,226,000 after acquiring an additional 433,221 shares in the last quarter. 93.68% of the stock is owned by institutional investors.

About Dragoneer Growth Opportunities Corp. III (Get Rating)

Dragoneer Growth Opportunities Corp. III focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as Dragoneer Growth Opportunities Alpha Corp. and changed its name to Dragoneer Growth Opportunities Corp.

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