CONX Corp. (NASDAQ:CONXW) Short Interest Update

CONX Corp. (NASDAQ:CONXW) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 4,600 shares, a decrease of 8.0% from the March 15th total of 5,000 shares. Based on an average trading volume of 30,900 shares, the short-interest ratio is presently 0.1 days.

CONX Stock Performance

Shares of CONX stock traded up $0.01 on Tuesday, hitting $0.19. 200 shares of the company traded hands, compared to its average volume of 37,083. CONX has a 12-month low of $0.05 and a 12-month high of $0.41. The firm’s 50-day simple moving average is $0.18 and its 200 day simple moving average is $0.21.

Hedge Funds Weigh In On CONX

Several institutional investors and hedge funds have recently bought and sold shares of CONXW. JPMorgan Chase & Co. increased its holdings in CONX by 1,662.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 296,484 shares of the company’s stock valued at $53,000 after purchasing an additional 279,662 shares during the period. Apollo Management Holdings L.P. bought a new position in shares of CONX during the first quarter valued at approximately $54,000. Periscope Capital Inc. lifted its stake in CONX by 420.5% in the first quarter. Periscope Capital Inc. now owns 393,020 shares of the company’s stock worth $71,000 after acquiring an additional 317,516 shares during the period. Finally, Potomac Capital Management Inc. boosted its holdings in CONX by 15.6% in the first quarter. Potomac Capital Management Inc. now owns 751,375 shares of the company’s stock valued at $7,626,000 after acquiring an additional 101,375 shares in the last quarter.

CONX Company Profile

CONX Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to focus its search on identifying a prospective target operating in the technology, media, and telecommunications industries, including wireless communications industry.