Willow Lane Acquisition Corp. – Class A Ordinary Shares (NASDAQ:WLAC) Sees Large Decline in Short Interest

Willow Lane Acquisition Corp. – Class A Ordinary Shares (NASDAQ:WLAC) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 48,209 shares, a decrease of 37.0% from the January 15th total of 76,470 shares. Based on an average trading volume of 180,607 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 180,607 shares, the days-to-cover ratio is currently 0.3 days.

Willow Lane Acquisition Corp. – Class A Ordinary Shares Price Performance

NASDAQ WLAC opened at $11.03 on Friday. Willow Lane Acquisition Corp. – Class A Ordinary Shares has a 12 month low of $9.95 and a 12 month high of $15.19. The stock has a 50 day moving average of $12.05 and a 200-day moving average of $11.71.

Willow Lane Acquisition Corp. – Class A Ordinary Shares (NASDAQ:WLAC) last issued its earnings results on Wednesday, November 12th. The company reported $0.05 earnings per share for the quarter.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WLAC. Canaccord Genuity Group lifted their price objective on shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares from $15.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. DA Davidson lifted their price target on shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Clear Street Group Inc. bought a new stake in shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares in the 3rd quarter valued at about $85,000. Geode Capital Management LLC acquired a new position in Willow Lane Acquisition Corp. – Class A Ordinary Shares during the fourth quarter worth approximately $131,000. Clear Street LLC raised its stake in Willow Lane Acquisition Corp. – Class A Ordinary Shares by 108.0% in the second quarter. Clear Street LLC now owns 10,405 shares of the company’s stock valued at $106,000 after buying an additional 5,403 shares during the period. JPMorgan Chase & Co. bought a new stake in Willow Lane Acquisition Corp. – Class A Ordinary Shares in the third quarter valued at approximately $172,000. Finally, Radcliffe Capital Management L.P. acquired a new stake in shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares in the second quarter valued at approximately $294,000.

About Willow Lane Acquisition Corp. – Class A Ordinary Shares

Willow Lane Acquisition Corp. is a special purpose acquisition company incorporated in Delaware and listed on the Nasdaq under the ticker WLAC. As a blank check vehicle, the company does not conduct operations of its own but instead seeks to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.

The company was sponsored by Willow Lane Capital Partners, an investment firm with a focus on private equity and corporate development.