Aparadise Acquisition Corp. (NASDAQ:APADU – Get Free Report) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 183 shares, a growth of 90.6% from the April 15th total of 96 shares. Based on an average daily trading volume, of 59 shares, the days-to-cover ratio is presently 3.1 days.
Institutional Trading of Aparadise Acquisition
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BCK Capital Management LP purchased a new stake in Aparadise Acquisition in the 3rd quarter worth about $231,000. JPMorgan Chase & Co. purchased a new stake in Aparadise Acquisition in the 3rd quarter worth about $549,000. Parallax Volatility Advisers L.P. purchased a new position in shares of Aparadise Acquisition during the third quarter worth approximately $673,000. Picton Mahoney Asset Management purchased a new position in shares of Aparadise Acquisition during the third quarter worth approximately $998,000. Finally, ATW Spac Management LLC purchased a new position in shares of Aparadise Acquisition during the third quarter worth approximately $1,248,000.
Aparadise Acquisition Price Performance
Shares of NASDAQ APADU remained flat at $10.00 during mid-day trading on Friday. The company’s 50-day moving average price is $10.93 and its two-hundred day moving average price is $10.52. Aparadise Acquisition has a 1 year low of $9.98 and a 1 year high of $12.00.
About Aparadise Acquisition
Aparadise Acquisition Corp. (NASDAQ: APADU) is a special purpose acquisition company formed under Delaware law. The company completed its initial public offering in 2021, raising funds to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more target companies. As a blank check company, APADU’s primary objective is to identify and acquire a private operating business and bring it to the public markets through a business combination transaction.
Following its IPO, the proceeds from APADU’s offering were placed in a trust account and invested in U.S.
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