Mason Industrial Technology, Inc. (NYSE:MIT) Sees Strong Short-Term Interest Growth


Mason Industrial Technology, Inc. (NYSE: MIT – Get Rating) saw a surge in short-term interest during the month of April. As of April 15, there was short interest totaling 78,100 shares, an increase of 138.1% from the March 31 total of 32,800 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 123,400 shares, the day-to-cover ratio is currently 0.6 days.

MIT shares opened at $9.82 on Friday. The company’s fifty-day moving average is $9.76 and its 200-day moving average is $9.75. Mason Industrial Technology has a 12-month low of $9.41 and a 12-month high of $9.85.

Several institutional investors and hedge funds have recently changed their positions in the company. GAM Holding AG acquired a new position in Mason Industrial Technology in Q4 worth $302,000. Toroso Investments LLC acquired a new position in Mason Industrial Technology in Q4 worth $241,000. PenderFund Capital Management Ltd. increased its stake in Mason Industrial Technology by 400.0% in the 4th quarter. PenderFund Capital Management Ltd. now owns 6,500 shares of the company valued at $80,000 after purchasing an additional 5,200 shares in the last quarter. Penserra Capital Management LLC acquired a new position in Mason Industrial Technology in Q4 worth $45,000. Finally, Kawa Capital Management Inc acquired a new position in Mason Industrial Technology in Q4 worth $1,801,000. Institutional investors hold 50.40% of the company’s shares.

About Mason Industrial Technology (Get a rating)

Mason Industrial Technology, Inc. has no significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

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