Periscope Capital Inc. Makes New Investment in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU)

Periscope Capital Inc. purchased a new position in shares of Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 100,000 shares of the company’s stock, valued at approximately $1,003,000.

A number of other institutional investors have also recently bought and sold shares of the business. Wealthspring Capital LLC acquired a new position in shares of Malacca Straits Acquisition in the fourth quarter valued at approximately $119,000. Tuttle Capital Management LLC acquired a new position in shares of Malacca Straits Acquisition in the fourth quarter valued at approximately $401,000. Deltec Asset Management LLC acquired a new position in shares of Malacca Straits Acquisition in the fourth quarter valued at approximately $502,000. Schechter Investment Advisors LLC bought a new stake in shares of Malacca Straits Acquisition in the fourth quarter valued at approximately $1,543,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of Malacca Straits Acquisition in the fourth quarter valued at approximately $2,508,000.

Malacca Straits Acquisition Stock Performance

Shares of MLACU stock opened at $10.20 on Monday. The stock has a 50 day simple moving average of $10.12 and a 200 day simple moving average of $10.37. Malacca Straits Acquisition Company Limited has a 1 year low of $10.00 and a 1 year high of $10.20.

Malacca Straits Acquisition Company Profile

Malacca Straits Acquisition Company Limited does not have significant business. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media, food processing, renewable energy, and healthcare industries.