Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Sees Significant Drop in Short Interest

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY - Get Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 100 shares, a drop of 66.7% from the August 15th total of 300 shares. Based on an average daily trading volume, of 47,600 shares, the days-to-cover ratio is presently 0.0 days.

Alchemy Investments Acquisition Corp 1 Stock Performance

Shares of NASDAQ ALCY remained flat at $10.85 during trading on Friday. The company's stock had a trading volume of 4,301 shares, compared to its average volume of 47,150. Alchemy Investments Acquisition Corp 1 has a twelve month low of $10.31 and a twelve month high of $11.85. The company has a 50-day moving average price of $10.80 and a two-hundred day moving average price of $10.69.

Hedge Funds Weigh In On Alchemy Investments Acquisition Corp 1

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Robinson Capital Management LLC grew its holdings in shares of Alchemy Investments Acquisition Corp 1 by 594.6% in the fourth quarter. Robinson Capital Management LLC now owns 13,892 shares of the company's stock valued at $145,000 after purchasing an additional 11,892 shares in the last quarter. Cowen AND Company LLC boosted its stake in shares of Alchemy Investments Acquisition Corp 1 by 27.5% in the fourth quarter. Cowen AND Company LLC now owns 130,889 shares of the company's stock valued at $1,365,000 after buying an additional 28,231 shares in the last quarter. Kim LLC increased its holdings in shares of Alchemy Investments Acquisition Corp 1 by 102.5% in the 4th quarter. Kim LLC now owns 405,000 shares of the company's stock valued at $4,295,000 after purchasing an additional 205,000 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in Alchemy Investments Acquisition Corp 1 in the 4th quarter valued at approximately $261,000. Finally, Condor Capital Management purchased a new position in Alchemy Investments Acquisition Corp 1 during the 4th quarter valued at about $171,000. Institutional investors and hedge funds own 92.46% of the company's stock.

About Alchemy Investments Acquisition Corp 1

Alchemy Investments Acquisition Corp 1, a special purpose acquisition company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It plans to focus on companies acquiring, processing, analysing, and utilizing data acquired from various systems and sources.