Artemis Strategic Investment Co. (NASDAQ:ARTE – Get Rating) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 15,200 shares, a decrease of 20.0% from the July 15th total of 19,000 shares. Based on an average daily trading volume, of 20,600 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are sold short.
Artemis Strategic Investment Trading Down 0.1 %
ARTE stock traded down $0.01 during trading on Friday, reaching $9.99. The company’s stock had a trading volume of 11,439 shares, compared to its average volume of 29,728. Artemis Strategic Investment has a 1 year low of $9.70 and a 1 year high of $10.17. The company’s fifty day moving average is $9.96 and its 200-day moving average is $9.94.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in ARTE. Robinson Capital Management LLC bought a new position in shares of Artemis Strategic Investment during the 2nd quarter valued at about $46,000. Spartan Fund Management Inc. bought a new position in shares of Artemis Strategic Investment during the 1st quarter valued at about $312,000. Radcliffe Capital Management L.P. bought a new position in shares of Artemis Strategic Investment during the 1st quarter valued at about $499,000. Walleye Capital LLC bought a new position in shares of Artemis Strategic Investment during the 4th quarter valued at about $733,000. Finally, Taconic Capital Advisors LP bought a new position in shares of Artemis Strategic Investment in the 1st quarter valued at about $2,495,000. Institutional investors own 80.09% of the company’s stock.
Artemis Strategic Investment Company Profile
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Artemis Strategic Investment Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It focuses on identifying a business combination target within the gaming, hospitality, and entertainment industries.
Further Reading
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Read More: Artemis Strategic Investment Co. (NASDAQ:ARTE) Short Interest Down 20.0% in July