Haymaker Acquisition Corp. 4 (NYSE:HYAC) Sees Large Drop in Short Interest

Haymaker Acquisition Corp. 4 (NYSE:HYAC) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 80 shares, a decline of 90.6% from the December 15th total of 854 shares. Based on an average daily volume of 80,412 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 80,412 shares, the days-to-cover ratio is presently 0.0 days.

Haymaker Acquisition Corp. 4 Trading Down 0.1%

Shares of HYAC stock traded down $0.01 during mid-day trading on Monday, reaching $11.40. 2,182 shares of the company’s stock traded hands, compared to its average volume of 101,711. Haymaker Acquisition Corp. 4 has a 12 month low of $10.78 and a 12 month high of $11.48. The firm’s 50-day simple moving average is $11.34.

Haymaker Acquisition Corp. 4 (NYSE:HYAC) last announced its earnings results on Thursday, November 13th. The company reported $0.05 earnings per share for the quarter. The business had revenue of $2.60 million for the quarter.

Institutional Investors Weigh In On Haymaker Acquisition Corp. 4

A number of institutional investors have recently modified their holdings of HYAC. Radcliffe Capital Management L.P. increased its holdings in shares of Haymaker Acquisition Corp. 4 by 665.5% during the third quarter. Radcliffe Capital Management L.P. now owns 76,631 shares of the company’s stock valued at $869,000 after acquiring an additional 66,620 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Haymaker Acquisition Corp. 4 during the 2nd quarter valued at about $1,110,000. Wolverine Asset Management LLC grew its position in Haymaker Acquisition Corp. 4 by 34.2% during the 2nd quarter. Wolverine Asset Management LLC now owns 1,002,049 shares of the company’s stock valued at $11,123,000 after purchasing an additional 255,385 shares during the last quarter. Finally, Berkley W R Corp increased its stake in Haymaker Acquisition Corp. 4 by 826.0% during the 3rd quarter. Berkley W R Corp now owns 1,680,012 shares of the company’s stock valued at $19,051,000 after purchasing an additional 1,498,590 shares in the last quarter. 71.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Haymaker Acquisition Corp. 4 in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Haymaker Acquisition Corp. 4 currently has an average rating of “Sell”.

About Haymaker Acquisition Corp. 4

Haymaker Acquisition Corp. 4, launched in 2021, is a special purpose acquisition company incorporated in Delaware. The company’s sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It is listed on the New York Stock Exchange under the ticker symbol HYAC.

The sponsor of the company is Haymaker Capital Investments, a US-based investment management firm that focuses on equity investments across a range of industries.