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2023-03-13 14:54
Sizzle Acquisition Corp. (NASDAQ:SZZL – Get Rating) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 6,000 shares, an increase of 17.6% from the February 13th total of 5,100 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,200 shares, the short-interest ratio is currently 0.3 days.
Shares of NASDAQ:SZZL opened at $10.38 on Monday. Sizzle Acquisition has a 1-year low of $9.94 and a 1-year high of $10.70. The company has a 50 day moving average price of $10.35 and a 200 day moving average price of $10.22.
Get Sizzle Acquisition alerts:A number of institutional investors and hedge funds have recently modified their holdings of the stock. Saba Capital Management L.P. lifted its position in shares of Sizzle Acquisition by 3.4% during 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 during the last quarter. Calamos Advisors LLC acquired a new stake in shares of Sizzle Acquisition during the 4th quarter valued at $10,220,000. Goldman Sachs Group Inc. raised its stake in Sizzle Acquisition by 557.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 707,643 shares of the company's stock valued at $7,069,000 after purchasing an additional 599,999 shares during the period. Cubist Systematic Strategies LLC raised its stake in Sizzle Acquisition by 6.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 696,755 shares of the company's stock valued at $7,013,000 after purchasing an additional 41,328 shares during the period. Finally, Shaolin Capital Management LLC raised its stake in Sizzle Acquisition by 2,400.7% during the 3rd quarter. Shaolin Capital Management LLC now owns 625,172 shares of the company's stock valued at $6,292,000 after purchasing an additional 600,172 shares during the period. Institutional investors and hedge funds own 54.31% of the company's stock.
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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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