Championsgate Acquisition Corp (NASDAQ:CHPG) Sees Significant Growth in Short Interest

Championsgate Acquisition Corp (NASDAQ:CHPG – Get Free Report) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 8,166 shares, an increase of 123.5% from the September 30th total of 3,653 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 2,692 shares, the short-interest ratio is currently 3.0 days.

Championsgate Acquisition Price Performance

Shares of NASDAQ:CHPG traded down $0.01 during midday trading on Friday, reaching $10.54. The company had a trading volume of 3,326 shares, compared to its average volume of 2,277. The company’s 50 day moving average price is $10.48 and its 200 day moving average price is $10.38. Championsgate Acquisition has a 52-week low of $10.13 and a 52-week high of $10.54.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Championsgate Acquisition stock. Sona Asset Management US LLC purchased a new position in shares of Championsgate Acquisition Corp (NASDAQ:CHPG – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 362,528 shares of the company’s stock, valued at approximately $3,716,000. Sona Asset Management US LLC owned about 4.17% of Championsgate Acquisition as of its most recent SEC filing.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Championsgate Acquisition in a research report on Monday, September 28th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Championsgate Acquisition currently has an average rating of “Sell”.

Check Out Our Latest Research Report on CHPG

About Championsgate Acquisition

(Get Free Report)

ChampionsGate Acquisition Corporation (NASDAQ: CHPG) is a special purpose acquisition company, or SPAC. Rather than operating a conventional business, the company was established to identify and complete a merger, share exchange, asset acquisition, reorganization, or similar business combination with one or more private companies.

Before completing a business combination, ChampionsGate Acquisition’s activities are primarily focused on evaluating potential target companies, conducting due diligence, and negotiating transaction terms.

Further Reading

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