TB SA Acquisition Corp (NASDAQ:TBSA) Short Interest Update

TB SA Acquisition Corp (NASDAQ:TBSAGet Rating) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 6,300 shares, a growth of 75.0% from the April 30th total of 3,600 shares. Based on an average trading volume of 44,900 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Shares of NASDAQ:TBSA opened at $9.76 on Friday. The firm’s 50-day simple moving average is $9.78 and its 200-day simple moving average is $9.75. TB SA Acquisition has a fifty-two week low of $9.60 and a fifty-two week high of $9.95.

A number of hedge funds have recently modified their holdings of TBSA. Macquarie Group Ltd. purchased a new stake in TB SA Acquisition in the 3rd quarter valued at approximately $11,712,000. Citadel Advisors LLC raised its holdings in TB SA Acquisition by 16.7% in the 3rd quarter. Citadel Advisors LLC now owns 1,050,000 shares of the company’s stock valued at $10,301,000 after acquiring an additional 150,000 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of TB SA Acquisition by 524.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 533,823 shares of the company’s stock worth $5,231,000 after purchasing an additional 448,273 shares during the period. Nomura Holdings Inc. grew its position in shares of TB SA Acquisition by 7.6% in the first quarter. Nomura Holdings Inc. now owns 430,359 shares of the company’s stock valued at $4,209,000 after purchasing an additional 30,359 shares during the period. Finally, Basso Capital Management L.P. increased its stake in TB SA Acquisition by 91.1% in the first quarter. Basso Capital Management L.P. now owns 420,069 shares of the company’s stock valued at $4,108,000 after purchasing an additional 200,306 shares during the last quarter. 60.32% of the stock is owned by hedge funds and other institutional investors.

TB SA Acquisition Company Profile (Get Rating)

TB SA Acquisition Corp does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses or entities. It intends to identify African companies that promote environmental, social and governance, ESG, and principles.

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