StoneBridge Acquisition Corp (NASDAQ:APACU) Sees Large Decline in Short Interest

StoneBridge Acquisition Corp (NASDAQ:APACU) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 66 shares, a decrease of 51.1% from the April 30th total of 135 shares. Based on an average daily volume of 33 shares, the short-interest ratio is presently 2.0 days.

Hedge Funds Weigh In On StoneBridge Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new position in StoneBridge Acquisition in the 3rd quarter worth $120,000. Susquehanna International Group LLP purchased a new stake in StoneBridge Acquisition in the 3rd quarter worth $167,000. Virtu Financial LLC purchased a new stake in StoneBridge Acquisition in the 3rd quarter worth $219,000. Warberg Asset Management LLC purchased a new stake in StoneBridge Acquisition in the 3rd quarter worth $274,000. Finally, Lineage Point Capital LP purchased a new position in shares of StoneBridge Acquisition during the fourth quarter valued at about $400,000.

StoneBridge Acquisition Stock Performance

Shares of APACU stock remained flat at $10.33 during midday trading on Monday. The company’s stock had a trading volume of 400 shares, compared to its average volume of 1,754. The company has a 50-day simple moving average of $10.25 and a 200 day simple moving average of $10.20. StoneBridge Acquisition has a 1 year low of $9.95 and a 1 year high of $10.56.