ACP Holdings Acquisition Corp. (NASDAQ:ACGCU) Short Interest Update

ACP Holdings Acquisition Corp. (NASDAQ:ACGCU) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 1,369 shares, a decrease of 60.8% from the May 14th total of 3,493 shares. Based on an average daily volume of 138,180 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded ACP Holdings Acquisition to a “hold” rating in a report on Saturday, April 11th.

ACP Holdings Acquisition Price Performance

Shares of NASDAQ:ACGCU traded down $0.02 on Friday, hitting $10.08. 2,208 shares of the company traded hands, compared to its average volume of 123,142. ACP Holdings Acquisition has a 52 week low of $9.94 and a 52 week high of $10.10. The business has a 50 day moving average price of $10.01.

About ACP Holdings Acquisition

ACP Holdings Acquisition (NASDAQ: ACGCU) is a publicly traded special purpose acquisition company (SPAC), commonly referred to as a blank check company. Like other SPACs, its primary business purpose is to raise capital through a public offering and use those funds to identify, negotiate and complete a business combination with one or more operating companies. The company exists to provide a vehicle for private companies to achieve a public listing through a merger or acquisition.

As a SPAC, ACP Holdings Acquisition’s activities center on deal sourcing, due diligence and structuring transactional agreements rather than operating commercial products or services directly.