APEX Tech Acquisition Inc. (NYSE:TRAD) Sees Significant Growth in Short Interest

APEX Tech Acquisition Inc. (NYSE:TRADGet Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 4,027 shares, an increase of 78.7% from the July 15th total of 2,253 shares. Based on an average daily volume of 1,309 shares, the days-to-cover ratio is currently 3.1 days. Currently, 0.0% of the shares of the stock are sold short.

APEX Tech Acquisition Stock Down 0.1%

Shares of NYSE TRAD traded down $0.01 during trading on Tuesday, hitting $10.03. 107 shares of the company were exchanged, compared to its average volume of 70,467. APEX Tech Acquisition has a 12-month low of $9.85 and a 12-month high of $10.04. The company’s fifty day moving average is $9.97.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on shares of APEX Tech Acquisition in a research report on Wednesday, July 15th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, APEX Tech Acquisition presently has an average rating of “Sell”.

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About APEX Tech Acquisition

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APEX Tech Acquisition Inc is a blank check company.

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