Launch One Acquisition Corp. (NASDAQ:LPAA) Sees Significant Growth in Short Interest

Launch One Acquisition Corp. (NASDAQ:LPAA) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 3,095 shares, a growth of 317.1% from the November 30th total of 742 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 77,710 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 77,710 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Trading of Launch One Acquisition

A number of institutional investors have recently modified their holdings of the company. Longfellow Investment Management Co. LLC acquired a new stake in shares of Launch One Acquisition in the 3rd quarter valued at approximately $81,000. Clear Street Group Inc. bought a new stake in Launch One Acquisition during the third quarter worth $114,000. Clear Street LLC acquired a new stake in Launch One Acquisition in the second quarter valued at $116,000. Radcliffe Capital Management L.P. acquired a new stake in Launch One Acquisition in the third quarter valued at $587,000. Finally, Quarry LP grew its position in shares of Launch One Acquisition by 200.0% in the 3rd quarter. Quarry LP now owns 150,000 shares of the company’s stock valued at $1,575,000 after acquiring an additional 100,000 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Launch One Acquisition in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Launch One Acquisition Price Performance

NASDAQ LPAA traded down $0.01 during trading hours on Friday, reaching $10.59. 14,578 shares of the company’s stock were exchanged, compared to its average volume of 41,533. The company’s 50-day moving average is $10.55 and its two-hundred day moving average is $10.49. Launch One Acquisition has a one year low of $10.04 and a one year high of $10.70.

Launch One Acquisition (NASDAQ:LPAA) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $2.53 million during the quarter.

About Launch One Acquisition

Launch One Acquisition Corp is a blank check company incorporated in Delaware. Its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Shares and warrants of the company trade on the Nasdaq Global Market under the ticker symbols “LPAA” and “LPAAW.”

The company completed its initial public offering in 2021, raising gross proceeds through the sale of units, each consisting of one share of common stock and one quarter of a warrant.