Arrowroot Acquisition Corp. (NASDAQ:ARRWW) Short Interest Update

Arrowroot Acquisition Corp. (NASDAQ:ARRWW) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 53,300 shares, an increase of 44.1% from the February 29th total of 37,000 shares. Based on an average daily trading volume, of 47,500 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On Arrowroot Acquisition

An institutional investor recently bought a new position in Arrowroot Acquisition stock. HGC Investment Management Inc. bought a new position in shares of Arrowroot Acquisition Corp. (NASDAQ:ARRWW) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 841,963 shares of the company’s stock, valued at approximately $102,000.

Arrowroot Acquisition Trading Up 20.0 %

NASDAQ:ARRWW opened at $0.18 on Friday. The firm’s fifty day simple moving average is $0.11 and its 200 day simple moving average is $0.12. Arrowroot Acquisition has a twelve month low of $0.04 and a twelve month high of $0.29.

About Arrowroot Acquisition

Arrowroot Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to identify and acquire a business focusing on the enterprise software sector.