Short Interest in East Stone Acquisition Co. (NASDAQ:ESSC) Decreases By 23.7%

East Stone Acquisition Co. (NASDAQ:ESSCGet Rating) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 686,200 shares, a decrease of 23.7% from the March 15th total of 899,800 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

NASDAQ:ESSC traded down $0.10 during trading hours on Tuesday, reaching $10.88. 6,654 shares of the company were exchanged, compared to its average volume of 468,004. East Stone Acquisition has a 52-week low of $9.95 and a 52-week high of $26.27. The company’s 50 day moving average is $10.39.

A number of large investors have recently bought and sold shares of the business. UBS Group AG raised its stake in East Stone Acquisition by 78.1% during the third quarter. UBS Group AG now owns 2,782 shares of the company’s stock worth $28,000 after purchasing an additional 1,220 shares during the period. Bluefin Capital Management LLC purchased a new position in East Stone Acquisition during the fourth quarter worth approximately $133,000. Morgan Stanley raised its stake in East Stone Acquisition by 162.5% during the first quarter. Morgan Stanley now owns 20,200 shares of the company’s stock worth $202,000 after purchasing an additional 12,504 shares during the period. OLD Mission Capital LLC purchased a new position in East Stone Acquisition during the third quarter worth approximately $138,000. Finally, Millennium Management LLC raised its stake in East Stone Acquisition by 51.0% during the third quarter. Millennium Management LLC now owns 86,130 shares of the company’s stock worth $879,000 after purchasing an additional 29,086 shares during the period. 49.39% of the stock is currently owned by institutional investors.

East Stone Acquisition Company Profile (Get Rating)

East Stone Acquisition Corporation does not have significant operations. It focuses on businesses primarily operating in the financial services industry or businesses providing technological services to the financial industry in North America and the Asia-Pacific. The company was incorporated in 2018 and is based in Burlington, Massachusetts.

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