Lafayette Acquisition Corp. (NASDAQ:LAFA) Sees Significant Drop in Short Interest

Lafayette Acquisition Corp. (NASDAQ:LAFA – Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 75 shares, a decline of 54.3% from the August 31st total of 164 shares. Based on an average daily volume of 5,119 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Lafayette Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Check Out Our Latest Analysis on Lafayette Acquisition

Hedge Funds Weigh In On Lafayette Acquisition

A number of hedge funds have recently added to or reduced their stakes in LAFA. Clear Street Group Inc. purchased a new stake in shares of Lafayette Acquisition in the fourth quarter valued at approximately $1,273,000. Radcliffe Capital Management L.P. purchased a new position in Lafayette Acquisition during the 4th quarter worth $1,980,000. 683 Capital Management LLC bought a new stake in Lafayette Acquisition during the 4th quarter valued at $2,475,000. Rivernorth Capital Management LLC bought a new stake in Lafayette Acquisition during the 1st quarter valued at $2,991,000. Finally, Lineage Point Capital LP bought a new stake in Lafayette Acquisition during the 4th quarter valued at $3,076,000.

Lafayette Acquisition Price Performance

LAFA traded up $0.01 during trading hours on Monday, reaching $10.20. 136,024 shares of the company’s stock traded hands, compared to its average volume of 34,899. The firm has a 50-day moving average price of $10.15 and a 200 day moving average price of $10.08. Lafayette Acquisition has a 52-week low of $9.87 and a 52-week high of $10.20.

Lafayette Acquisition (NASDAQ:LAFA – Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.06 earnings per share for the quarter.

Lafayette Acquisition Company Profile

(Get Free Report)

Lafayette Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Its potential transactions may include a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar combination.

As a SPAC, Lafayette Acquisition Corp. does not have significant operating products or services of its own. Instead, its activities center on evaluating prospective target businesses, conducting due diligence and seeking shareholder approval for a transaction.

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