Apex Technology Acquisition Co. (NASDAQ:APXT) Short Interest Down 92.9% in June

Apex Technology Acquisition Co. (NASDAQ:APXT) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 929 shares, a drop of 92.9% from the May 31st total of 13,129 shares. Based on an average daily volume of 90,700 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Trading of Apex Technology Acquisition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APXT. ABC Arbitrage SA purchased a new stake in shares of Apex Technology Acquisition in the first quarter worth approximately $199,000. Bulldog Investors LLP purchased a new position in shares of Apex Technology Acquisition during the fourth quarter valued at approximately $425,000. Gritstone Asset Management LLC purchased a new position in shares of Apex Technology Acquisition during the fourth quarter valued at approximately $494,000. Schonfeld Strategic Advisors LLC bought a new stake in Apex Technology Acquisition during the fourth quarter worth $494,000. Finally, Sculptor Capital LP bought a new stake in Apex Technology Acquisition during the fourth quarter worth $522,000. 6.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on APXT. Wall Street Zen upgraded shares of Apex Technology Acquisition to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings assumed coverage on shares of Apex Technology Acquisition in a research note on Tuesday, May 26th. They set a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Apex Technology Acquisition Stock Down 0.2%

Shares of Apex Technology Acquisition stock traded down $0.02 during trading hours on Thursday, reaching $10.04. The company’s stock had a trading volume of 4,912 shares, compared to its average volume of 118,235. The stock’s fifty day simple moving average is $10.02 and its two-hundred day simple moving average is $9.97. Apex Technology Acquisition has a one year low of $9.87 and a one year high of $10.08.

Apex Technology Acquisition (NASDAQ:APXT) last posted its earnings results on Thursday, March 26th. The company reported $0.09 EPS for the quarter.

Apex Technology Acquisition Company Profile

Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.