Highview Merger Corp. (NASDAQ:HVMC) Short Interest Update

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

Institutional Trading of Highview Merger

Institutional investors and hedge funds have recently bought and sold shares of the business. Mint Tower Capital Management B.V. acquired a new stake in shares of Highview Merger in the fourth quarter worth $250,000. Boothbay Fund Management LLC acquired a new position in Highview Merger during the fourth quarter valued at $250,000. Virtu Financial LLC purchased a new stake in Highview Merger in the fourth quarter valued at $252,000. Meteora Capital LLC purchased a new stake in Highview Merger in the fourth quarter valued at $1,000,000. Finally, DLD Asset Management LP acquired a new stake in Highview Merger during the 4th quarter worth about $1,003,000.

Highview Merger Stock Performance

Shares of HVMC stock traded up $0.07 during mid-day trading on Friday, reaching $10.29. The stock had a trading volume of 10 shares, compared to its average volume of 65,270. Highview Merger has a 1-year low of $9.93 and a 1-year high of $10.22. The business has a fifty day moving average of $10.20.

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

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Highview Merger from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.