Alpex Acquisition Corporation (NASDAQ:ALPX) Sees Significant Decrease in Short Interest

Alpex Acquisition Corporation (NASDAQ:ALPX – Get Free Report) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 129 shares, a drop of 79.1% from the September 15th total of 616 shares. Based on an average trading volume of 33,680 shares, the short-interest ratio is currently 0.0 days.

Alpex Acquisition Stock Up 0.1%

NASDAQ:ALPX traded up $0.01 during trading hours on Friday, hitting $9.96. The company had a trading volume of 231 shares, compared to its average volume of 93,573. The company’s 50-day simple moving average is $9.93. Alpex Acquisition has a 52 week low of $9.81 and a 52 week high of $10.00.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ALPX. Wall Street Zen raised shares of Alpex Acquisition to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings assumed coverage on Alpex Acquisition in a research note on Tuesday, September 29th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Alpex Acquisition currently has a consensus rating of “Sell”.

Read Our Latest Analysis on Alpex Acquisition

About Alpex Acquisition

(Get Free Report)

Alpex Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and combine with one or more operating businesses through a merger, acquisition, share exchange, or similar transaction. Unlike an operating company, it does not initially sell products or provide services to customers.

The company’s primary activity is evaluating potential acquisition targets and completing a business combination. Until such a transaction occurs, its operations generally consist of organizational activities, due diligence, and pursuing a suitable target.

Alpex Acquisition Corp.

Further Reading

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