Conyers Park II Acquisition Corp. (NASDAQ:CPAA) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 31,700 shares, a decrease of 31.1% from the September 15th total of 46,000 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 313,400 shares, the days-to-cover ratio is presently 0.1 days.
A hedge fund recently raised its stake in Conyers Park II Acquisition stock. FNY Investment Advisers LLC raised its stake in Conyers Park II Acquisition Corp. (NASDAQ:CPAA) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,600 shares of the company’s stock after purchasing an additional 4,000 shares during the quarter. FNY Investment Advisers LLC owned 0.10% of Conyers Park II Acquisition worth $595,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 42.07% of the company’s stock.
Shares of Conyers Park II Acquisition stock traded up $0.01 on Friday, hitting $10.02. The company had a trading volume of 1,302,865 shares, compared to its average volume of 226,343. Conyers Park II Acquisition has a 1 year low of $9.40 and a 1 year high of $12.08.
Conyers Park II Acquisition Corp. does not have a significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2019 and is based in Naples, Florida.
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