Investors are a little more bearish on shares of the company of late if you take a look at the increase in short interest. The company saw a rise in short interest of 8.90% as of the latest report on October 13, 2017. Short interest grew 100 over that period. Days to cover decreased -1,001.0 to 122.0 and the percentage of shorted shares is 0.00% as of October 13.
A few notable investment firms have updated their holdings. Boothbay Fund Management, LLC downsized its stake by shedding 12,000 shares a decrease of 10.2% from 03/31/2016 to 06/30/2017. Boothbay Fund Management, LLC now controls 105,115 shares worth $1,063,000. The total value of its holdings decreased 6.4%. Cowen Group, Inc. grew its holdings by buying 23,602 shares an increase of 16.9% as of 06/30/2017. Cowen Group, Inc. claims 163,455 shares valued at $1,652,000. The value of the position overall is up by 17.1%.
Bulldog Investors, LLC divested its ownership by shedding 4,879 shares a decrease of 2.4%. Bulldog Investors, LLC now holds 196,406 shares with a value of $1,985,000. The value of the position overall is down by 2.3%. Ubs Group Ag cut its investment by selling 100 shares a decrease of 11.1% in the quarter. Ubs Group Ag controls 800 shares with a value of $8,000. The total value of its holdings decreased 11.1%.
The company is so far trading down by 0.68% since yesterday’s close of $10.23. Company shares are trading at $10.23 which is marginally over the 50 day moving average which is $10.17 and a tad above the 200 day moving average of $10.14. The 50 day moving average went up $0.06 or +0.59% and the 200 day average was up $0.09.
Andina Acquisition Corp. II, launched on July 1, 2015, is a blank check company. The Company was formed to acquire, through a merger, share exchange, asset acquisition, stock purchase, plan of arrangement, recapitalization, reorganization or other similar business combination, one or more businesses or entities. The Business’s efforts in identifying prospective target businesses are not limited to a particular industry or geographic region of the world. The Company is focused on its search for target businesses in the Andean region of South America and in Central America..