Ispire Technology Inc. (NASDAQ:ISPR – Get Free Report) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 1,010,000 shares, a drop of 5.6% from the December 31st total of 1,070,000 shares. Based on an average daily volume of 165,300 shares, the short-interest ratio is currently 6.1 days. Currently, 8.4% of the shares of the company are sold short.
Hedge Funds Weigh In On Ispire Technology
Several institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Ispire Technology during the 4th quarter valued at approximately $464,000. Panagora Asset Management Inc. purchased a new position in shares of Ispire Technology during the 3rd quarter valued at approximately $94,000. Bank of New York Mellon Corp purchased a new position in shares of Ispire Technology during the 3rd quarter valued at approximately $103,000. Yong Rong HK Asset Management Ltd increased its holdings in shares of Ispire Technology by 13.1% during the 3rd quarter. Yong Rong HK Asset Management Ltd now owns 990,000 shares of the company’s stock valued at $9,059,000 after purchasing an additional 115,000 shares in the last quarter. Finally, Barclays PLC acquired a new stake in Ispire Technology in the 2nd quarter valued at $29,000. 2.07% of the stock is owned by hedge funds and other institutional investors.
Ispire Technology Price Performance
ISPR opened at $11.00 on Thursday. Ispire Technology has a 12-month low of $6.85 and a 12-month high of $19.78. The firm has a 50 day moving average of $11.14 and a two-hundred day moving average of $10.10.
About Ispire Technology
Ispire Technology Inc researches, develops, designs, commercializes, sales, markets, and distributes e-cigarettes and cannabis vaping products worldwide. The company was founded in 2019 and is based in Los Angeles, California. Ispire Technology Inc operates as a subsidiary of Pride Worldwide Investment Limited.
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