Ribbit LEAP, Ltd. (NYSE:LEAP) sees sharp rise in short-term interest

Ribbit LEAP, Ltd. (NYSE:LEAP- Get a rating) was the target of a significant increase in short interest in May. As of May 15, there was short interest totaling 70,100 shares, an increase of 38.5% from the April 30 total of 50,600 shares. Based on an average daily volume of 72,000 shares, the day-to-cover ratio is currently 1.0 day. About 0.2% of the stock’s shares are sold short.

A number of hedge funds have recently changed their holdings to LEAP. RP Investment Advisors LP acquired a new stake in shares of Ribbit LEAP during the first quarter valued at approximately $6,170,000. Radcliffe Capital Management LP acquired a new equity stake in Ribbit LEAP during the first quarter valued at approximately $4,734,000. Alyeska Investment Group LP increased its position in Ribbit LEAP shares by 12.6% during the first quarter. Alyeska Investment Group LP now owns 446,914 shares of the company valued at $4,411,000 after acquiring an additional 50,020 shares in the last quarter. Governors Lane LP increased its position in Ribbit LEAP shares by 50.0% during the first quarter. Governors Lane LP now owns 300,000 shares of the company valued at $2,961,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Vetamer Capital Management LP acquired a new equity stake in Ribbit LEAP during the fourth quarter valued at approximately $2,769,000. 79.56% of the shares are currently held by institutional investors.

Shares of NYSE:LEAP traded at $0.01 during midday trading on Monday, hitting $9.90. The company’s stock had a trading volume of 6,600 shares, compared to an average volume of 97,678. The company’s 50-day simple moving average is $9.89 and its 200-day simple moving average is $9.89. $9.97. Ribbit LEAP has a 12-month low of $9.73 and a 12-month high of $10.92.

Ribbit LEAP Company Profile (Get a rating)

Ribbit LEAP, Ltd. has no significant activities. The Company is focused on completing a merger, capital exchange, asset acquisition, stock purchase, reorganization or similar business combination with a or more companies. He intends to focus on companies in the financial services and technology sectors worldwide.

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