Apex Technology Acquisition Co. (NASDAQ:APXT) Short Interest Up 2,833.4% in August

Apex Technology Acquisition Co. (NASDAQ:APXT) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 73,365 shares, a growth of 2,833.4% from the July 30th total of 2,501 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 103,617 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of APXT. Harraden Circle Investments LLC purchased a new stake in Apex Technology Acquisition in the second quarter worth about $6,030,000. Rivernorth Capital Management LLC purchased a new stake in shares of Apex Technology Acquisition in the 1st quarter worth approximately $2,500,000. Sona Asset Management US LLC purchased a new stake in shares of Apex Technology Acquisition in the 1st quarter worth approximately $3,404,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Apex Technology Acquisition during the 1st quarter valued at approximately $8,492,000. Finally, ABC Arbitrage SA bought a new position in Apex Technology Acquisition during the 1st quarter valued at approximately $199,000. 6.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APXT has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Apex Technology Acquisition in a report on Friday, August 21st. Wall Street Zen raised Apex Technology Acquisition to a “hold” rating in a research note on Saturday, June 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Apex Technology Acquisition presently has an average rating of “Sell”.

Apex Technology Acquisition Price Performance

Shares of Apex Technology Acquisition stock opened at $10.11 on Thursday. Apex Technology Acquisition has a 12-month low of $9.87 and a 12-month high of $10.19. The company’s fifty day simple moving average is $10.09 and its two-hundred day simple moving average is $10.02.

Apex Technology Acquisition (NASDAQ:APXT) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.03 EPS for the quarter.

Apex Technology Acquisition Company Profile

Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.