XPAC Acquisition Corp. (NASDAQ:XPAX – Get Rating) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 2,900 shares, a decline of 94.2% from the January 31st total of 50,200 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 102,600 shares, the days-to-cover ratio is presently 0.0 days.
XPAC Acquisition Price Performance
XPAX stock opened at $10.14 on Wednesday. XPAC Acquisition has a one year low of $9.63 and a one year high of $10.60. The company's fifty day moving average price is $10.07 and its 200-day moving average price is $9.93.
Get XPAC Acquisition alerts:Hedge Funds Weigh In On XPAC Acquisition
Hedge funds have recently modified their holdings of the stock. Clear Street LLC purchased a new position in shares of XPAC Acquisition in the third quarter worth $52,000. Cubist Systematic Strategies LLC purchased a new stake in XPAC Acquisition during the third quarter valued at $234,000. Cowen AND Company LLC purchased a new stake in XPAC Acquisition during the second quarter valued at $486,000. Boothbay Fund Management LLC purchased a new stake in XPAC Acquisition during the third quarter valued at $729,000. Finally, Deutsche Bank AG raised its stake in XPAC Acquisition by 6.7% during the fourth quarter. Deutsche Bank AG now owns 82,242 shares of the company's stock valued at $822,000 after purchasing an additional 5,191 shares in the last quarter. Hedge funds and other institutional investors own 37.54% of the company's stock.
XPAC Acquisition Company Profile
(Get Rating)
XPAC Acquisition Corp. does not have significant operations. It intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
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