Aparadise Acquisition Corp. (NASDAQ:APADU – Get Free Report) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 183 shares, an increase of 90.6% from the April 15th total of 96 shares. Based on an average trading volume of 59 shares, the short-interest ratio is presently 3.1 days.
Aparadise Acquisition Stock Performance
Shares of APADU stock remained flat at $10.00 during mid-day trading on Friday. Aparadise Acquisition has a 1-year low of $9.98 and a 1-year high of $12.00. The firm has a 50-day moving average of $10.93 and a two-hundred day moving average of $10.52.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Clear Street Group Inc. bought a new position in shares of Aparadise Acquisition during the 3rd quarter valued at about $3,274,000. JPMorgan Chase & Co. bought a new position in shares of Aparadise Acquisition during the 3rd quarter valued at about $549,000. Magnetar Financial LLC bought a new position in shares of Aparadise Acquisition during the 3rd quarter valued at about $7,984,000. ATW Spac Management LLC purchased a new stake in shares of Aparadise Acquisition during the 3rd quarter valued at about $1,248,000. Finally, Heights Capital Management Inc. purchased a new stake in shares of Aparadise Acquisition during the 3rd quarter valued at about $1,996,000.
Aparadise Acquisition Company Profile
Aparadise Acquisition Corp. (NASDAQ: APADU) is a special purpose acquisition company formed under Delaware law. The company completed its initial public offering in 2021, raising funds to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more target companies. As a blank check company, APADU’s primary objective is to identify and acquire a private operating business and bring it to the public markets through a business combination transaction.
Following its IPO, the proceeds from APADU’s offering were placed in a trust account and invested in U.S.
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