StoneBridge Acquisition Corp (NASDAQ:APACU) Sees Large Decline in Short Interest

StoneBridge Acquisition Corp (NASDAQ:APACU) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 66 shares, a decline of 51.1% from the April 30th total of 135 shares. Based on an average daily volume of 33 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Investors Weigh In On StoneBridge Acquisition

Several large investors have recently added to or reduced their stakes in the business. Lineage Point Capital LP acquired a new stake in StoneBridge Acquisition during the fourth quarter worth approximately $400,000. Toronto Dominion Bank lifted its holdings in StoneBridge Acquisition by 22.3% during the fourth quarter. Toronto Dominion Bank now owns 122,316 shares of the company’s stock worth $1,228,000 after acquiring an additional 22,316 shares during the period. Mangrove Partners IM LLC increased its position in StoneBridge Acquisition by 80.0% in the fourth quarter. Mangrove Partners IM LLC now owns 225,000 shares of the company’s stock worth $2,259,000 after buying an additional 100,000 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in StoneBridge Acquisition in the third quarter worth $120,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in StoneBridge Acquisition in the third quarter worth $1,496,000.

StoneBridge Acquisition Stock Performance

Shares of NASDAQ:APACU remained flat at $10.33 during trading on Monday. The stock had a trading volume of 400 shares, compared to its average volume of 1,754. The business’s 50 day moving average price is $10.25 and its 200 day moving average price is $10.20. StoneBridge Acquisition has a 1 year low of $9.95 and a 1 year high of $10.56.