FAST Acquisition Corp. (NYSE:FST) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,150,000 shares, an increase of 23.4% from the March 31st total of 932,200 shares. Approximately 5.8% of the shares of the company are sold short. Based on an average daily volume of 684,700 shares, the days-to-cover ratio is presently 1.7 days.
A number of institutional investors have recently added to or reduced their stakes in FST. Mizuho Securities USA LLC bought a new position in FAST Acquisition in the 4th quarter valued at about $2,020,000. Toronto Dominion Bank bought a new position in FAST Acquisition in the 4th quarter valued at about $2,662,000. Dynamic Technology Lab Private Ltd bought a new position in FAST Acquisition in the 4th quarter valued at about $256,000. Vivaldi Capital Management LLC bought a new position in shares of FAST Acquisition during the fourth quarter worth approximately $112,000. Finally, TIG Advisors LLC bought a new position in shares of FAST Acquisition during the fourth quarter worth approximately $2,156,000.
FAST Acquisition stock opened at $12.29 on Tuesday. FAST Acquisition has a twelve month low of $9.59 and a twelve month high of $13.20. The company’s 50-day moving average price is $12.39 and its two-hundred day moving average price is $10.91.
FAST Acquisition Corp. does not have significant operations. The company intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in restaurant, hospitality, and related sectors. FAST Acquisition Corp. was founded in 2020 and is based in Ridgefield, Connecticut.
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