Short Interest in Apex Technology Acquisition Co. (NASDAQ:APXT) Drops By 96.1%

Apex Technology Acquisition Co. (NASDAQ:APXT – Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,109 shares, a drop of 96.1% from the June 30th total of 28,321 shares. Based on an average daily volume of 51,024 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Apex Technology Acquisition Stock Performance

Shares of Apex Technology Acquisition stock remained flat at $10.13 on Friday. The stock had a trading volume of 12,959 shares, compared to its average volume of 155,396. The stock’s fifty day moving average is $10.06 and its 200 day moving average is $9.99. Apex Technology Acquisition has a 1-year low of $9.87 and a 1-year high of $10.19.

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Apex Technology Acquisition (NASDAQ:APXT – Get Free Report) last issued its earnings results on Thursday, March 26th. The company reported $0.09 earnings per share for the quarter.

Institutional Investors Weigh In On Apex Technology Acquisition

Hedge funds and other institutional investors have recently modified their holdings of the company. Rivernorth Capital Management LLC purchased a new position in Apex Technology Acquisition in the first quarter valued at approximately $2,500,000. Sona Asset Management US LLC purchased a new stake in shares of Apex Technology Acquisition during the 1st quarter worth approximately $3,404,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Apex Technology Acquisition in the 1st quarter valued at $8,492,000. ABC Arbitrage SA acquired a new position in shares of Apex Technology Acquisition in the 1st quarter valued at $199,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Apex Technology Acquisition in the 4th quarter valued at $989,000. 6.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

APXT has been the topic of a number of recent research reports. Weiss Ratings assumed coverage on Apex Technology Acquisition in a research report on Tuesday, May 26th. They set a “sell (e+)” rating on the stock. Wall Street Zen upgraded Apex Technology Acquisition to a “hold” rating in a report on Saturday, June 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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About Apex Technology Acquisition

(Get Free Report)

Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.

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