Short Interest in Thunder Bridge Capital Partners IV Inc. (NASDAQ:THCP) Rises By 575.0%

Thunder Bridge Capital Partners IV Inc. (NASDAQ:THCP) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 8,100 shares, an increase of 575.0% from the October 31st total of 1,200 shares. Based on an average daily volume of 28,400 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the stock are sold short.

Thunder Bridge Capital Partners IV Trading Down 1.9 %

THCP traded down $0.21 on Wednesday, hitting $11.14. 3,830 shares of the company’s stock were exchanged, compared to its average volume of 28,809. Thunder Bridge Capital Partners IV has a fifty-two week low of $10.21 and a fifty-two week high of $11.68. The firm has a 50-day moving average price of $10.67 and a 200-day moving average price of $10.59.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Thunder Bridge Capital Partners IV during the 3rd quarter valued at about $95,000. Clear Street LLC boosted its position in shares of Thunder Bridge Capital Partners IV by 40.3% during the 2nd quarter. Clear Street LLC now owns 101,027 shares of the company’s stock valued at $1,070,000 after acquiring an additional 29,007 shares during the last quarter. Finally, Virtu Financial LLC boosted its position in shares of Thunder Bridge Capital Partners IV by 438.7% during the 3rd quarter. Virtu Financial LLC now owns 74,282 shares of the company’s stock valued at $782,000 after acquiring an additional 60,494 shares during the last quarter. Institutional investors and hedge funds own 33.22% of the company’s stock.

About Thunder Bridge Capital Partners IV

Thunder Bridge Capital Partners IV Inc does not have 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 2021 and is based in Great Falls, Virginia.