Lafayette Acquisition Corp. (NASDAQ:LAFA) Stock Short Interest Report for October

Lafayette Acquisition Corp. (NASDAQ:LAFA) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 370 shares, an increase of 487.3% from the October 15th total of 63 shares. Based on an average daily volume of 794 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lafayette Acquisition in a report on Tuesday. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Lafayette Acquisition

A number of large investors have recently bought and sold shares of LAFA. Condor Capital Management acquired a new stake in Lafayette Acquisition in the third quarter valued at approximately $136,000. Rivernorth Capital Management LLC acquired a new position in shares of Lafayette Acquisition during the 1st quarter worth approximately $2,991,000. First Trust Capital Management L.P. acquired a new position in shares of Lafayette Acquisition during the 3rd quarter worth approximately $3,057,000. Finally, Sona Asset Management US LLC purchased a new position in shares of Lafayette Acquisition during the 1st quarter valued at approximately $3,490,000.

Lafayette Acquisition Stock Up 0.6%

LAFA traded up $0.06 on Wednesday, reaching $10.27. The stock had a trading volume of 53,980 shares, compared to its average volume of 8,772. Lafayette Acquisition has a 12-month low of $9.87 and a 12-month high of $10.24. The business’s 50-day moving average price is $10.20 and its two-hundred day moving average price is $10.09.

Lafayette Acquisition (NASDAQ:LAFA) last posted its earnings results on Thursday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter.

Lafayette Acquisition Company Profile

Lafayette Acquisition Corp. (NASDAQ: LAFA) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination, such as a merger, capital stock exchange, asset acquisition, or similar transaction, with one or more operating businesses. As a blank-check company, Lafayette Acquisition does not have a standalone portfolio of products or services and generally does not conduct significant commercial operations before completing a business combination.