Championsgate Acquisition Corp (NASDAQ:CHPGU) Short Interest Up 100.0% in August

Championsgate Acquisition Corp (NASDAQ:CHPGU) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 4 shares, a growth of 100.0% from the July 30th total of 2 shares. Based on an average daily trading volume, of 1 shares, the days-to-cover ratio is presently 4.0 days.

Championsgate Acquisition Price Performance

Shares of CHPGU stock remained flat at $10.48 on Friday. Championsgate Acquisition has a 1 year low of $10.02 and a 1 year high of $12.10. The stock’s 50 day moving average is $10.56 and its 200-day moving average is $10.42.

Championsgate Acquisition Company Profile

Championsgate Acquisition (NASDAQ:CHPGU) is a special purpose acquisition company (SPAC) formed to raise capital through a public offering of units for the purpose of identifying, acquiring, or merging with one or more businesses. As a blank‑check vehicle, the company’s primary business activity is to seek and complete a business combination that would result in its target company becoming a publicly traded entity through the SPAC structure.

The typical activities of a SPAC like Championsgate Acquisition include conducting an initial public offering of units, holding the proceeds in a trust account while pursuing potential acquisition targets, negotiating and structuring a business combination, and obtaining shareholder approval to complete a transaction.