Short Interest in Launch One Acquisition Corp. (NASDAQ:LPAA) Declines By 37.6%

Launch One Acquisition Corp. (NASDAQ:LPAA) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 855 shares, a decrease of 37.6% from the June 15th total of 1,370 shares. Based on an average daily volume of 34,512 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Launch One Acquisition in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Launch One Acquisition

Several hedge funds have recently added to or reduced their stakes in LPAA. Crossingbridge Advisors LLC bought a new position in Launch One Acquisition during the fourth quarter worth about $878,000. Quarry LP increased its stake in shares of Launch One Acquisition by 200.0% in the 3rd quarter. Quarry LP now owns 150,000 shares of the company’s stock valued at $1,575,000 after acquiring an additional 100,000 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Launch One Acquisition by 68.9% in the 4th quarter. Toronto Dominion Bank now owns 244,904 shares of the company’s stock valued at $2,594,000 after acquiring an additional 99,904 shares during the period. Shaolin Capital Management LLC acquired a new stake in shares of Launch One Acquisition in the 2nd quarter valued at approximately $3,645,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. boosted its stake in Launch One Acquisition by 87.5% during the 2nd quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 750,000 shares of the company’s stock worth $7,811,000 after acquiring an additional 350,000 shares during the last quarter.

Launch One Acquisition Stock Down 0.5%

LPAA opened at $10.85 on Friday. The company has a fifty day moving average price of $10.84 and a two-hundred day moving average price of $10.74. Launch One Acquisition has a 52 week low of $10.39 and a 52 week high of $11.67.

Launch One Acquisition (NASDAQ:LPAA) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $2.17 million during 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.