Athlon Acquisition Corp. (NASDAQ:SWET) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 108,000 shares, a growth of 315.4% from the August 15th total of 26,000 shares. Based on an average daily volume of 24,300 shares, the short-interest ratio is currently 4.4 days. Currently, 0.4% of the shares of the company are sold short.
A number of hedge funds have recently made changes to their positions in the business. Marshall Wace LLP purchased a new stake in Athlon Acquisition during the second quarter valued at approximately $8,071,000. Millennium Management LLC increased its holdings in Athlon Acquisition by 31.9% during the second quarter. Millennium Management LLC now owns 1,076,792 shares of the company’s stock valued at $10,402,000 after buying an additional 260,508 shares during the last quarter. Aristeia Capital LLC purchased a new stake in Athlon Acquisition during the second quarter valued at approximately $11,592,000. Citadel Advisors LLC boosted its position in shares of Athlon Acquisition by 0.3% in the second quarter. Citadel Advisors LLC now owns 601,247 shares of the company’s stock worth $5,820,000 after purchasing an additional 1,653 shares during the period. Finally, Whitebox Advisors LLC boosted its position in shares of Athlon Acquisition by 5.3% in the second quarter. Whitebox Advisors LLC now owns 263,200 shares of the company’s stock worth $2,543,000 after purchasing an additional 13,200 shares during the period. 49.77% of the stock is owned by institutional investors and hedge funds.
Shares of SWET stock opened at $9.71 on Wednesday. Athlon Acquisition has a 12 month low of $8.84 and a 12 month high of $9.91. The firm’s 50 day simple moving average is $9.67.
Athlon 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 was incorporated in 2020 and is based in Cambridge, Massachusetts.
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