East Resources Acquisition (NASDAQ:ERES) Short Interest Update
East Resources Acquisition (NASDAQ:ERES – Get Rating) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 8,400 shares, a growth of 90.9% from the August 31st total of 4,400 shares. Based on an average daily trading volume, of 46,100 shares, the short-interest ratio is currently 0.2 days.
East Resources Acquisition Trading Down 0.2 %
NASDAQ:ERES opened at $10.03 on Thursday. East Resources Acquisition has a 12 month low of $9.81 and a 12 month high of $10.20. The business’s 50-day moving average is $10.05 and its 200 day moving average is $9.98.
Institutional Investors Weigh In On East Resources Acquisition
A number of hedge funds have recently made changes to their positions in ERES. Qube Research & Technologies Ltd purchased a new stake in shares of East Resources Acquisition in the fourth quarter worth about $337,000. D. E. Shaw & Co. Inc. raised its position in East Resources Acquisition by 54.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,028,904 shares of the company’s stock valued at $10,155,000 after purchasing an additional 364,340 shares during the period. Lindenwold Advisors purchased a new stake in East Resources Acquisition during the fourth quarter valued at approximately $197,000. Kohlberg Kravis Roberts & Co. L.P. raised its position in East Resources Acquisition by 6.3% during the fourth quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 494,884 shares of the company’s stock valued at $4,885,000 after purchasing an additional 29,293 shares during the period. Finally, Levin Capital Strategies L.P. purchased a new stake in East Resources Acquisition during the fourth quarter valued at approximately $280,000. 67.46% of the stock is currently owned by hedge funds and other institutional investors.
East Resources Acquisition Company Profile
East Resources Acquisition Company does not have significant operations. The company focuses on effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to identify business opportunities in the field of energy in North America.
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