Alpex Acquisition Corporation (NASDAQ:ALPX – Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 80,484 shares, a growth of 62,290.7% from the September 30th total of 129 shares. Based on an average trading volume of 38,303 shares, the short-interest ratio is presently 2.1 days.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on ALPX shares. Weiss Ratings assumed coverage on Alpex Acquisition in a research report on Tuesday, September 29th. They issued a “sell (e)” rating for the company. Wall Street Zen raised Alpex Acquisition to a “hold” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
Get Our Latest Analysis on Alpex Acquisition
Alpex Acquisition Trading Up 0.2%
Alpex Acquisition stock traded up $0.02 during trading hours on Monday, reaching $9.99. 511,254 shares of the company’s stock traded hands, compared to its average volume of 98,684. The business’s 50 day moving average price is $9.95. Alpex Acquisition has a fifty-two week low of $9.81 and a fifty-two week high of $10.00.
Alpex Acquisition Company Profile
Alpex Acquisition Corp. (NASDAQ: ALPX) is a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with an operating company. Potential transactions may include a merger, share exchange, asset acquisition, or similar corporate combination.
Unlike an operating company, Alpex Acquisition does not have established products, services, or commercial operations of its own. Its activities are primarily focused on evaluating potential acquisition targets, negotiating a transaction, and securing shareholder approval for any proposed business combination.
The company was incorporated in the Cayman Islands and was established as a publicly traded acquisition vehicle.
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