Schechter Investment Advisors LLC Acquires Shares of 153,840 Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU)

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

Several other large investors also recently added to or reduced their stakes in the company. Tuttle Capital Management LLC bought a new stake in shares of Malacca Straits Acquisition during the 4th quarter valued at $401,000. Deltec Asset Management LLC purchased a new position in Malacca Straits Acquisition during the 4th quarter valued at about $502,000. Wolverine Asset Management LLC bought a new stake in Malacca Straits Acquisition during the 4th quarter worth approximately $5,767,000. Finally, Wealthspring Capital LLC bought a new stake in Malacca Straits Acquisition during the fourth quarter valued at $119,000.

Malacca Straits Acquisition Stock Performance

Shares of OTCMKTS MLACU opened at $10.19 on Tuesday. The stock’s 50-day simple moving average is $10.10 and its two-hundred day simple moving average is $10.39. Malacca Straits Acquisition Company Limited has a twelve month low of $10.00 and a twelve month high of $10.20.

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.