Short Interest in Apex Technology Acquisition Co. (NASDAQ:APXT) Decreases By 92.9%

Apex Technology Acquisition Co. (NASDAQ:APXT) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 929 shares, a decline of 92.9% from the May 31st total of 13,129 shares. Based on an average daily trading volume, of 90,700 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC acquired a new position in Apex Technology Acquisition in the fourth quarter valued at $11,246,000. Periscope Capital Inc. acquired a new stake in Apex Technology Acquisition during the 4th quarter worth about $4,450,000. HighTower Advisors LLC acquired a new stake in Apex Technology Acquisition during the 4th quarter worth about $11,272,000. Aristeia Capital L.L.C. bought a new position in shares of Apex Technology Acquisition in the 4th quarter worth about $5,440,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Apex Technology Acquisition in the 4th quarter worth about $3,956,000. 6.01% of the stock is owned by institutional investors.

Apex Technology Acquisition Trading Down 0.2%

APXT traded down $0.02 during trading on Thursday, reaching $10.04. 4,912 shares of the company’s stock were exchanged, compared to its average volume of 118,235. Apex Technology Acquisition has a one year low of $9.87 and a one year high of $10.08. The firm has a fifty day moving average price of $10.02 and a two-hundred day moving average price of $9.97.

Apex Technology Acquisition (NASDAQ:APXT) last released its quarterly earnings results on Thursday, March 26th. The company reported $0.09 earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings started coverage on Apex Technology Acquisition in a research note on Tuesday, May 26th. They set a “sell (e+)” rating for the company. Wall Street Zen raised shares of Apex Technology Acquisition to a “hold” rating in a report on Saturday, June 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Apex Technology Acquisition has an average rating of “Sell”.

Apex Technology Acquisition Company Profile

Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.