XPAC Acquisition Corp. (NASDAQ:XPAX – Get Rating) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 502,500 shares, a growth of 22,740.9% from the November 15th total of 2,200 shares. Based on an average trading volume of 75,700 shares, the short-interest ratio is presently 6.6 days. Currently, 2.3% of the shares of the stock are short sold.

XPAC Acquisition Price Performance

Shares of NASDAQ XPAX opened at $9.96 on Tuesday. The business has a fifty day moving average price of $9.88 and a two-hundred day moving average price of $9.81. XPAC Acquisition has a fifty-two week low of $9.59 and a fifty-two week high of $9.99.

Hedge Funds Weigh In On XPAC Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XPAX. Cowen AND Company LLC acquired a new position in shares of XPAC Acquisition during the 2nd quarter worth $486,000. Spartan Fund Management Inc. acquired a new position in shares of XPAC Acquisition during the 2nd quarter worth $2,104,000. Verition Fund Management LLC raised its holdings in shares of XPAC Acquisition by 4.8% during the 1st quarter. Verition Fund Management LLC now owns 231,403 shares of the company's stock worth $2,240,000 after buying an additional 10,692 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of XPAC Acquisition during the 1st quarter worth $3,582,000. Finally, Basso Capital Management L.P. raised its holdings in shares of XPAC Acquisition by 2.5% during the 1st quarter. Basso Capital Management L.P. now owns 192,518 shares of the company's stock worth $1,864,000 after buying an additional 4,734 shares in the last quarter. 32.91% of the stock is owned by institutional investors and hedge funds.

About XPAC Acquisition

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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