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2023-01-18 21:53
Sizzle Acquisition Corp. (NASDAQ:SZZL – Get Rating) was the target of a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 21,100 shares, an increase of 520.6% from the December 15th total of 3,400 shares. Based on an average daily trading volume, of 34,400 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the company's stock are sold short.
Several hedge funds have recently modified their holdings of the business. Mint Tower Capital Management B.V. bought a new stake in Sizzle Acquisition in the third quarter worth $453,000. Parallax Volatility Advisers L.P. bought a new stake in shares of Sizzle Acquisition during the 3rd quarter worth about $951,000. Westchester Capital Management LLC acquired a new position in shares of Sizzle Acquisition during the 3rd quarter valued at about $4,709,000. Saba Capital Management L.P. raised its stake in shares of Sizzle Acquisition by 3.4% in the 3rd quarter. Saba Capital Management L.P. now owns 1,358,913 shares of the company's stock valued at $13,684,000 after acquiring an additional 45,000 shares in the last quarter. Finally, State Street Corp lifted its holdings in Sizzle Acquisition by 29.3% in the 3rd quarter. State Street Corp now owns 18,951 shares of the company's stock worth $191,000 after purchasing an additional 4,300 shares during the last quarter. Institutional investors and hedge funds own 54.31% of the company's stock.
Get Sizzle Acquisition alerts:NASDAQ:SZZL opened at $10.43 on Wednesday. The stock's 50 day moving average price is $10.25 and its 200 day moving average price is $10.13. Sizzle Acquisition has a 52 week low of $9.75 and a 52 week high of $10.70.
Sizzle Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It focuses on investing in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries.
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