Willow Lane Acquisition Corp. – Class A Ordinary Shares (NASDAQ:WLAC) Short Interest Up 252.8% in April

by · The Cerbat Gem

Willow Lane Acquisition Corp. – Class A Ordinary Shares (NASDAQ:WLAC – Get Free Report) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 625,753 shares, an increase of 252.8% from the April 15th total of 177,385 shares. Based on an average daily volume of 821,106 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Willow Lane Acquisition Corp. – Class A Ordinary Shares

Several hedge funds have recently added to or reduced their stakes in the company. Hiddenite Capital Partners LP acquired a new stake in Willow Lane Acquisition Corp. – Class A Ordinary Shares during the 3rd quarter worth approximately $9,264,000. Yorkville Advisors Global LP raised its holdings in Willow Lane Acquisition Corp. – Class A Ordinary Shares by 24.3% in the 4th quarter. Yorkville Advisors Global LP now owns 647,600 shares of the company’s stock valued at $8,186,000 after acquiring an additional 126,600 shares in the last quarter. Scoggin Management LP acquired a new position in Willow Lane Acquisition Corp. – Class A Ordinary Shares in the 3rd quarter valued at $6,774,000. Whitebox Advisors LLC acquired a new position in Willow Lane Acquisition Corp. – Class A Ordinary Shares in the 2nd quarter valued at $4,092,000. Finally, Highbridge Capital Management LLC acquired a new position in Willow Lane Acquisition Corp. – Class A Ordinary Shares in the 4th quarter valued at $4,068,000.

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

NASDAQ:WLAC remained flat at $18.83 during mid-day trading on Friday. The company had a trading volume of 500,114 shares, compared to its average volume of 374,880. The stock’s fifty day moving average price is $13.25 and its 200-day moving average price is $12.37. Willow Lane Acquisition Corp. – Class A Ordinary Shares has a 1-year low of $10.07 and a 1-year high of $21.00.

Willow Lane Acquisition Corp. – Class A Ordinary Shares (NASDAQ:WLAC – Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.01 earnings per share for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares in a research note on Thursday, April 2nd. 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Read Our Latest Stock Analysis on Willow Lane Acquisition Corp. – Class A Ordinary Shares

About Willow Lane Acquisition Corp. – Class A Ordinary Shares

(Get Free Report)

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.

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