Edify Acquisition Corp. (NASDAQ:EAC) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 10,400 shares, a decline of 43.5% from the August 15th total of 18,400 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 14,700 shares, the short-interest ratio is currently 0.7 days.
Shares of EAC opened at $9.71 on Friday. Edify Acquisition has a 12-month low of $9.52 and a 12-month high of $10.20. The firm’s 50-day moving average price is $9.66.
A number of institutional investors and hedge funds have recently modified their holdings of EAC. Dupont Capital Management Corp bought a new stake in shares of Edify Acquisition in the 2nd quarter valued at approximately $48,000. Dakota Wealth Management acquired a new position in Edify Acquisition during the 1st quarter worth $98,000. Geode Capital Management LLC acquired a new position in Edify Acquisition during the 1st quarter worth $151,000. Landscape Capital Management L.L.C. acquired a new position in Edify Acquisition during the 2nd quarter worth $182,000. Finally, Newtyn Management LLC acquired a new position in Edify Acquisition during the 1st quarter worth $196,000. Hedge funds and other institutional investors own 52.71% of the company’s stock.
Edify Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more operating businesses. The company was incorporated in 2020 and is based in New York, New York.
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