Alpex Acquisition Corporation (NASDAQ:ALPX) Sees Large Drop in Short Interest

Alpex Acquisition Corporation (NASDAQ:ALPX) was the target of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 733 shares, a drop of 99.1% from the October 15th total of 80,484 shares. Based on an average daily trading volume, of 23,070 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wall Street Zen raised shares of Alpex Acquisition to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings assumed coverage on Alpex Acquisition in a report on Tuesday, September 29th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Alpex Acquisition Stock Performance

Shares of ALPX traded up $0.05 during midday trading on Thursday, hitting $10.02. The company had a trading volume of 107 shares, compared to its average volume of 88,210. Alpex Acquisition has a 1 year low of $9.81 and a 1 year high of $10.01. The company has a 50-day moving average price of $9.97.

Alpex Acquisition Company Profile

Alpex Acquisition Corp. is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, or similar business combination. It does not operate a conventional business or offer products and services to customers. The company has described its intended focus as businesses in the technology, media and telecommunications sectors, with an emphasis on opportunities in Asia. Its activities center on identifying and evaluating a potential acquisition target.