Short Interest in Newbridge Acquisition Ltd (NASDAQ:NBRGU) Increases By ∞

Newbridge Acquisition Ltd (NASDAQ:NBRGU) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 165 shares, an increase of ∞ from the August 15th total of 0 shares. Based on an average daily trading volume, of 1,327 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Newbridge Acquisition

A hedge fund recently raised its stake in Newbridge Acquisition stock. Robinson Capital Management LLC raised its holdings in Newbridge Acquisition Ltd (NASDAQ:NBRGU) by 100.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,500 shares of the company’s stock after purchasing an additional 15,250 shares during the quarter. Robinson Capital Management LLC’s holdings in Newbridge Acquisition were worth $314,000 at the end of the most recent reporting period.

Newbridge Acquisition Price Performance

NBRGU remained flat at $10.23 during trading on Wednesday. The stock’s fifty day simple moving average is $10.20 and its 200-day simple moving average is $10.14. Newbridge Acquisition has a 52 week low of $9.93 and a 52 week high of $11.04.

Newbridge Acquisition Company Profile

Newbridge Acquisition (NASDAQ: NBRGU) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to raise capital through an initial public offering with the objective of effecting a merger, share exchange, asset acquisition or similar business combination. As a SPAC, its principal business activity is to identify and complete an acquisition that will allow a private operating company to become publicly listed through a business combination rather than a traditional IPO process.

The company’s securities trade as units on the Nasdaq under the ticker NBRGU, representing the SPAC vehicle prior to any separation of underlying securities or consummation of a business combination.