Short Interest in ACP Holdings Acquisition Corp. (NASDAQ:ACGCU) Declines By 97.2%

ACP Holdings Acquisition Corp. (NASDAQ:ACGCU) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 11 shares, a decline of 97.2% from the June 30th total of 397 shares. Based on an average daily trading volume, of 76 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

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

ACP Holdings Acquisition Price Performance

Shares of NASDAQ ACGCU traded up $0.02 during mid-day trading on Friday, hitting $10.10. The stock has a 50-day moving average price of $10.07. ACP Holdings Acquisition has a 52 week low of $9.94 and a 52 week high of $10.75.

ACP Holdings Acquisition Company Profile

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.