Short Interest in AP Acquisition Corp. (NYSE:APCA) Expands By 460.0%

AP Acquisition Corp. (NYSE:APCA) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 2,800 shares, an increase of 460.0% from the February 29th total of 500 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 42,100 shares, the days-to-cover ratio is currently 0.1 days.

AP Acquisition Stock Performance

AP Acquisition stock opened at $11.27 on Thursday. The company has a 50-day moving average price of $11.22 and a 200 day moving average price of $11.10. AP Acquisition has a 12-month low of $10.54 and a 12-month high of $11.29.

Institutional Investors Weigh In On AP Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Warberg Asset Management LLC acquired a new stake in shares of AP Acquisition during the 3rd quarter worth about $253,000. Shaolin Capital Management LLC acquired a new stake in shares of AP Acquisition during the fourth quarter valued at about $262,000. Meteora Capital LLC raised its stake in shares of AP Acquisition by 42.6% in the 3rd quarter. Meteora Capital LLC now owns 29,880 shares of the company’s stock valued at $328,000 after acquiring an additional 8,920 shares during the period. Sea Otter Advisors LLC acquired a new position in shares of AP Acquisition in the 1st quarter worth approximately $422,000. Finally, Quarry LP boosted its position in shares of AP Acquisition by 32.7% during the 2nd quarter. Quarry LP now owns 84,699 shares of the company’s stock worth $911,000 after purchasing an additional 20,860 shares during the period. Hedge funds and other institutional investors own 65.91% of the company’s stock.

AP Acquisition Company Profile

AP Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the de-carbonization/renewable energy sectors with a focus in Japan/Asia (excluding China) and European markets.