Apex Technology Acquisition Co. (NASDAQ:APXT) Sees Significant Decline in Short Interest

Apex Technology Acquisition Co. (NASDAQ:APXT) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,109 shares, a drop of 96.1% from the June 30th total of 28,321 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 51,024 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

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

Apex Technology Acquisition Stock Performance

Shares of NASDAQ:APXT remained flat at $10.13 during mid-day trading on Friday. The company had a trading volume of 12,959 shares, compared to its average volume of 155,396. Apex Technology Acquisition has a 12 month low of $9.87 and a 12 month high of $10.19. The business has a 50-day moving average of $10.06 and a 200 day moving average of $9.99.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Gritstone Asset Management LLC purchased a new position in shares of Apex Technology Acquisition in the fourth quarter valued at $494,000. Wolverine Asset Management LLC bought a new stake in Apex Technology Acquisition in the fourth quarter worth $11,246,000. HighTower Advisors LLC purchased a new stake in Apex Technology Acquisition during the fourth quarter valued at $11,272,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Apex Technology Acquisition during the fourth quarter valued at $3,956,000. Finally, Periscope Capital Inc. bought a new position in Apex Technology Acquisition during the fourth quarter valued at $4,450,000. 6.01% of the stock is currently owned by institutional investors.

About Apex Technology Acquisition

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.