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

Periscope Capital Inc. bought a new position in shares of Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU) in the 4th quarter, Holdings Channel reports. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $1,003,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MLACU. Wealthspring Capital LLC bought a new position in shares of Malacca Straits Acquisition in the 4th quarter valued at $119,000. Tuttle Capital Management LLC bought a new position in shares of Malacca Straits Acquisition in the 4th quarter valued at $401,000. Deltec Asset Management LLC bought a new position in shares of Malacca Straits Acquisition in the 4th quarter valued at $502,000. Schechter Investment Advisors LLC bought a new position in shares of Malacca Straits Acquisition in the 4th quarter valued at $1,543,000. Finally, Picton Mahoney Asset Management bought a new position in shares of Malacca Straits Acquisition in the 4th quarter valued at $2,508,000.

Malacca Straits Acquisition Stock Performance

OTCMKTS MLACU opened at $10.20 on Monday. Malacca Straits Acquisition Company Limited has a twelve month low of $10.00 and a twelve month high of $10.20. The stock has a fifty day simple moving average of $10.12 and a 200 day simple moving average of $10.37.

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.