Launch One Acquisition Corp. (NASDAQ:LPAA) Short Interest Up 179.1% in January

Launch One Acquisition Corp. (NASDAQ:LPAA) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 1,440 shares, an increase of 179.1% from the December 31st total of 516 shares. Based on an average daily trading volume, of 54,887 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 54,887 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Launch One Acquisition in a research note on Friday, January 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Launch One Acquisition Stock Performance

Shares of NASDAQ LPAA opened at $10.64 on Thursday. The stock’s 50-day simple moving average is $10.59 and its two-hundred day simple moving average is $10.52. Launch One Acquisition has a twelve month low of $10.09 and a twelve month high of $10.70.

Launch One Acquisition (NASDAQ:LPAA) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $2.53 million for the quarter.

Hedge Funds Weigh In On Launch One Acquisition

A number of institutional investors have recently made changes to their positions in the stock. Quarry LP raised its position in shares of Launch One Acquisition by 200.0% during the 3rd quarter. Quarry LP now owns 150,000 shares of the company’s stock valued at $1,575,000 after buying an additional 100,000 shares in the last quarter. Clear Street Group Inc. bought a new position in Launch One Acquisition in the third quarter valued at $114,000. Berkley W R Corp raised its position in Launch One Acquisition by 188.6% during the third quarter. Berkley W R Corp now owns 912,609 shares of the company’s stock valued at $9,582,000 after purchasing an additional 596,408 shares in the last quarter. Shaolin Capital Management LLC lifted its stake in Launch One Acquisition by 14.3% during the third quarter. Shaolin Capital Management LLC now owns 400,000 shares of the company’s stock worth $4,200,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Radcliffe Capital Management L.P. bought a new stake in Launch One Acquisition during the third quarter worth about $587,000.

About Launch One Acquisition

Launch One Acquisition Corp is a blank check company incorporated in Delaware. Its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Shares and warrants of the company trade on the Nasdaq Global Market under the ticker symbols “LPAA” and “LPAAW.”

The company completed its initial public offering in 2021, raising gross proceeds through the sale of units, each consisting of one share of common stock and one quarter of a warrant.