Championsgate Acquisition Corp (NASDAQ:CHPGR – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 21,649 shares, an increase of 1,147.8% from the August 31st total of 1,735 shares. Based on an average trading volume of 118,118 shares, the short-interest ratio is presently 0.2 days.
Championsgate Acquisition Stock Performance
Shares of CHPGR stock traded down $0.05 during mid-day trading on Thursday, hitting $0.12. 150 shares of the stock were exchanged, compared to its average volume of 52,601. The stock’s fifty day simple moving average is $0.13 and its two-hundred day simple moving average is $0.14. Championsgate Acquisition has a 12-month low of $0.08 and a 12-month high of $0.28.
About Championsgate Acquisition
ChampionsGate Acquisition (NASDAQ: CHPGR) is a special purpose acquisition company (SPAC), also known as a blank‑check company, formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, reorganization or similar business combination. As a SPAC, it does not operate a traditional commercial business or produce consumer products; its principal activity is identifying and completing a qualifying transaction with a target company that will result in a public operating company.
In typical SPAC structure, proceeds from the IPO are held in trust while the sponsor and management team evaluate potential acquisition candidates across industries and geographies.
See Also
- Five stocks we like better than Championsgate Acquisition
- Hims & Hers Slides Nearly 7% as Legal Pressure Adds to Its Growing List of Risks
- Paychex Plunges, Providing the Entry Investors Have Been Waiting For
- The Case for Buying High-Yield General Mills Just Strengthened
- SanDisk’s $1,800 Breakout Turns Memory Hardware Into a Profit Story
Receive News & Ratings for Championsgate Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Championsgate Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
