Lionheart Holdings Class A Ordinary Shares (NASDAQ:CUB) Stock Short Interest Drops 80.7%

Lionheart Holdings Class A Ordinary Shares (NASDAQ:CUB) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 894 shares, a decline of 80.7% from the September 15th total of 4,643 shares. Based on an average daily trading volume, of 78,714 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Weiss Ratings upgraded Lionheart Holdings Class A Ordinary Shares from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday. Wall Street Zen cut shares of Lionheart Holdings Class A Ordinary Shares from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Lionheart Holdings Class A Ordinary Shares Stock Performance

Shares of NASDAQ CUB traded up $0.01 during midday trading on Monday, reaching $10.91. 1,458 shares of the company’s stock were exchanged, compared to its average volume of 68,255. Lionheart Holdings Class A Ordinary Shares has a 52-week low of $10.53 and a 52-week high of $11.23. The business’s fifty day moving average price is $10.87 and its two-hundred day moving average price is $10.83. The stock has a market capitalization of $285.54 million, a PE ratio of 181.67 and a beta of 0.01.

Lionheart Holdings Class A Ordinary Shares (NASDAQ:CUB) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.15) EPS for the quarter.

Hedge Funds Weigh In On Lionheart Holdings Class A Ordinary Shares

A hedge fund recently bought a new position in Lionheart Holdings Class A Ordinary Shares stock. Sona Asset Management US LLC bought a new stake in shares of Lionheart Holdings Class A Ordinary Shares (NASDAQ:CUB) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 140,698 shares of the company’s stock, valued at approximately $1,514,000. Sona Asset Management US LLC owned about 0.46% of Lionheart Holdings Class A Ordinary Shares at the end of the most recent quarter.

About Lionheart Holdings Class A Ordinary Shares

Lionheart Holdings is a special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more operating businesses. Rather than selling products or services directly, the company’s principal activity is raising capital and evaluating potential mergers, acquisitions, or similar transactions.

The company may pursue a target in a variety of industries or geographic regions, subject to the terms of its corporate documents and the approval of its shareholders.