Short Interest in Apex Technology Acquisition Co. (NASDAQ:APXT) Increases By 125.5%

Apex Technology Acquisition Co. (NASDAQ:APXTGet Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,501 shares, an increase of 125.5% from the July 15th total of 1,109 shares. Based on an average daily volume of 738,883 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Apex Technology Acquisition Trading Up 0.0%

APXT stock opened at $10.12 on Friday. The firm has a 50 day moving average of $10.08 and a 200 day moving average of $10.02. Apex Technology Acquisition has a 52 week low of $9.87 and a 52 week high of $10.19.

Apex Technology Acquisition (NASDAQ:APXTGet Free Report) last released its earnings results on Tuesday, August 11th. The company reported $0.03 earnings per share for the quarter.

Institutional Investors Weigh In On Apex Technology Acquisition

A number of large investors have recently made changes to their positions in APXT. ABC Arbitrage SA acquired a new position in shares of Apex Technology Acquisition in the 1st quarter valued at $199,000. Bulldog Investors LLP acquired a new stake in Apex Technology Acquisition during the 4th quarter worth about $425,000. Schonfeld Strategic Advisors LLC acquired a new stake in Apex Technology Acquisition during the 4th quarter worth about $494,000. Sculptor Capital LP acquired a new stake in Apex Technology Acquisition during the 4th quarter worth about $522,000. Finally, Boothbay Fund Management LLC purchased a new stake in Apex Technology Acquisition during the 4th quarter valued at about $865,000. 6.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on APXT shares. Wall Street Zen raised Apex Technology Acquisition to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings began coverage on Apex Technology Acquisition in a research report on Tuesday, May 26th. They set a “sell (e+)” rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Read Our Latest Stock Report on Apex Technology Acquisition

Apex Technology Acquisition Company Profile

(Get Free Report)

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.

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