Tortoise Acquisition Corp. (NYSE:SHLL) has seen 36,682,648 shares traded in the last trading session. The company, currently valued at $715.63 Million, closed the last trade at $24.57 per share which meant it gained $7.17 on the day or 41.21% during that session. The SHLL stock price is -5.58% off its 52-week high price of $25.94 and 61.33% above the 52-week low of $9.5. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.78 Million shares traded. The 3-month trading volume is 1.66 Million shares.
The consensus among analysts is that Tortoise Acquisition Corp. (SHLL) is a 0 stock at the moment, with a recommendation rating of 0. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 0 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight.
Tortoise Acquisition Corp. (NYSE:SHLL) trade information
Sporting 41.21% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Jun 26 when the SHLL stock price touched $25.94- or saw a rise of 5.28%. Year-to-date, Tortoise Acquisition Corp. shares have moved 145.95%, while the 5-day performance has seen it change 75%. Over the past 30 days, the shares of Tortoise Acquisition Corp. (NYSE:SHLL) have changed 147.68%. Short interest in the company has seen 21.29 Million shares shorted with days to cover at 12.83.
Tortoise Acquisition Corp. (SHLL) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest +0% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Tortoise Acquisition Corp. (NYSE:SHLL)’s Major holders
Insiders own 0% of the company shares, while shares held by institutions stand at 77.09% with a share float percentage of 77.09%. Investors are also buoyed by the number of investors in a company, with Tortoise Acquisition Corp. having a total of 34 institutions that hold shares in the company. The top two institutional holders are Adage Capital Partners GP L.L.C. with over 2.03 Million shares worth more than $20.23 Million. As of December 30, 2019, Adage Capital Partners GP L.L.C. held 8.69% of shares outstanding.
The other major institutional holder is Karpus Management Inc, with the holding of over 1.46 Million shares as of December 30, 2019. The firm’s total holdings are worth over $14.62 Million and represent 6.28% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are AQR Funds-AQR Diversified Arbitrage Fd and TIFF Multi-Asset Fund. As of June 29, 2019, the former fund manager holds about 1.78% shares in the company for having 415588 shares of worth $4.09 Million while later fund manager owns 128.67 Thousand shares of worth $1.29 Million as of December 30, 2019, which makes it owner of about 0.55% of company’s outstanding stock.