Shaolin Capital Management LLC bought a new position in shares of East Stone Acquisition Co. (NASDAQ:ESSC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 600,000 shares of the company’s stock, valued at approximately $6,054,000. Shaolin Capital Management LLC owned 3.39% of East Stone Acquisition as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. Westchester Capital Management LLC acquired a new position in East Stone Acquisition during the second quarter worth about $1,512,000. Geode Capital Management LLC purchased a new position in East Stone Acquisition in the 2nd quarter worth about $105,000. OTA Financial Group L.P. purchased a new position in East Stone Acquisition in the 2nd quarter worth about $404,000. TENOR CAPITAL MANAGEMENT Co. L.P. increased its stake in East Stone Acquisition by 50.0% in the 1st quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 300,000 shares of the company’s stock worth $2,997,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in East Stone Acquisition in the 1st quarter worth about $1,499,000. 61.71% of the stock is currently owned by hedge funds and other institutional investors.
ESSC remained flat at $$10.20 during trading on Thursday. The company had a trading volume of 3,818 shares, compared to its average volume of 35,230. The company has a 50-day moving average of $10.17 and a 200-day moving average of $10.09. East Stone Acquisition Co. has a 1 year low of $9.21 and a 1 year high of $10.59.
East Stone Acquisition Corporation does not have significant operations. It focuses on providing technological services to the financial industry in North America and the Asia-Pacific. The company was founded in 2018 and is based in Burlington, Massachusetts.
See Also: Golden Cross
Receive News & Ratings for East Stone Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East Stone Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.