StoneBridge Acquisition Corp (NASDAQ:APACU – Get Free Report) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 135 shares, a drop of 34.8% from the April 15th total of 207 shares. Based on an average daily trading volume, of 319 shares, the short-interest ratio is presently 0.4 days.
Hedge Funds Weigh In On StoneBridge Acquisition
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Arbitrage LLC bought a new position in StoneBridge Acquisition in the 3rd quarter worth approximately $3,739,000. Shaolin Capital Management LLC acquired a new stake in StoneBridge Acquisition during the third quarter worth about $3,689,000. Highbridge Capital Management LLC acquired a new position in StoneBridge Acquisition in the 3rd quarter valued at approximately $3,639,000. Meteora Capital LLC acquired a new position in shares of StoneBridge Acquisition during the 3rd quarter valued at $3,295,000. Finally, Mangrove Partners IM LLC boosted its holdings in StoneBridge Acquisition by 80.0% during the fourth quarter. Mangrove Partners IM LLC now owns 225,000 shares of the company’s stock worth $2,259,000 after purchasing an additional 100,000 shares during the last quarter.
StoneBridge Acquisition Price Performance
StoneBridge Acquisition stock remained flat at $10.40 during mid-day trading on Monday. The company’s stock had a trading volume of 500 shares, compared to its average volume of 1,858. StoneBridge Acquisition has a one year low of $9.95 and a one year high of $10.56. The firm’s 50-day moving average is $10.24 and its two-hundred day moving average is $10.18.
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