Linden Advisors LP acquired a new stake in shares of Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 875,000 shares of the company’s stock, valued at approximately $8,776,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealthspring Capital LLC acquired a new position in shares of Malacca Straits Acquisition during the 4th quarter worth $119,000. Harraden Circle Investments LLC bought a new stake in Malacca Straits Acquisition in the fourth quarter worth $175,000. Tuttle Capital Management LLC acquired a new position in Malacca Straits Acquisition during the fourth quarter worth $401,000. Deltec Asset Management LLC bought a new position in Malacca Straits Acquisition during the fourth quarter valued at about $502,000. Finally, Rangeley Capital LLC acquired a new stake in shares of Malacca Straits Acquisition in the fourth quarter worth about $953,000.
Malacca Straits Acquisition Trading Up 2.0%
MLACU opened at $10.45 on Monday. The stock has a 50-day moving average of $10.24 and a 200-day moving average of $10.27. Malacca Straits Acquisition Company Limited has a 52-week low of $10.00 and a 52-week high of $10.50.
Malacca Straits Acquisition Company Profile
Malacca Straits Acquisition Company Limited does not have significant business. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media, food processing, renewable energy, and healthcare industries.
Further Reading
- Five stocks we like better than Malacca Straits Acquisition
- Stock Market Sectors: What Are They and How Many Are There?
- 3 ETFs Beating the S&P 500 as Volatility Rises
- Are Penny Stocks a Good Fit for Your Portfolio?
- Constellation Powers Up With Reinforced AI Data Center Strategy
- What is the Euro STOXX 50 Index?
- Top Analyst-Rated Healthcare Stocks to Watch Now
Want to see what other hedge funds are holding MLACU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU – Free Report).
Receive News & Ratings for Malacca Straits Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Malacca Straits Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
