Schechter Investment Advisors LLC Acquires New Stake in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU)

Schechter Investment Advisors LLC bought a new position in shares of Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 153,840 shares of the company’s stock, valued at approximately $1,543,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wealthspring Capital LLC acquired a new position in Malacca Straits Acquisition in the fourth quarter valued at $119,000. Tuttle Capital Management LLC acquired a new position in shares of Malacca Straits Acquisition in the 4th quarter valued at about $401,000. Deltec Asset Management LLC bought a new stake in shares of Malacca Straits Acquisition during the 4th quarter valued at about $502,000. Finally, Wolverine Asset Management LLC acquired a new stake in Malacca Straits Acquisition during the fourth quarter worth approximately $5,767,000.

Malacca Straits Acquisition Trading Up 0.3 %

Shares of MLACU stock opened at $10.19 on Tuesday. Malacca Straits Acquisition Company Limited has a fifty-two week low of $10.00 and a fifty-two week high of $10.20. The stock has a 50 day simple moving average of $10.10 and a two-hundred day simple moving average of $10.39.

Malacca Straits Acquisition 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.