Launch One Acquisition Corp. (NASDAQ:LPAA) Sees Significant Decrease in Short Interest

Launch One Acquisition Corp. (NASDAQ:LPAA) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 990 shares, a drop of 42.1% from the April 15th total of 1,710 shares. Based on an average daily volume of 27,788 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Launch One Acquisition

Institutional investors have recently bought and sold shares of the business. Longfellow Investment Management Co. LLC bought a new position in Launch One Acquisition during the third quarter valued at $81,000. Clear Street Group Inc. bought a new stake in shares of Launch One Acquisition in the 3rd quarter worth about $114,000. Radcliffe Capital Management L.P. purchased a new position in shares of Launch One Acquisition during the 3rd quarter worth about $587,000. Crossingbridge Advisors LLC purchased a new stake in Launch One Acquisition in the 4th quarter worth about $878,000. Finally, Quarry LP lifted its stake in Launch One Acquisition by 200.0% in the third quarter. Quarry LP now owns 150,000 shares of the company’s stock worth $1,575,000 after purchasing an additional 100,000 shares during the last quarter.

Launch One Acquisition Price Performance

LPAA stock traded up $0.02 during trading on Friday, hitting $10.77. 510 shares of the company’s stock traded hands, compared to its average volume of 18,051. Launch One Acquisition has a 52 week low of $10.31 and a 52 week high of $10.79. The business has a fifty day simple moving average of $10.75 and a 200 day simple moving average of $10.65.

Launch One Acquisition (NASDAQ:LPAA) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.06 EPS for the quarter. The business had revenue of $2.17 million for the quarter.

Launch One Acquisition Company Profile

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.