Short Interest in XPAC Acquisition Corp. (NASDAQ:XPAX) Expands By 208.1%

XPAC Acquisition Corp. (NASDAQ:XPAXGet Rating) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 30,500 shares, an increase of 208.1% from the March 15th total of 9,900 shares. Based on an average trading volume of 17,800 shares, the days-to-cover ratio is presently 1.7 days.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Woodline Partners LP acquired a new stake in XPAC Acquisition during the 4th quarter valued at approximately $3,404,000. Schonfeld Strategic Advisors LLC bought a new stake in XPAC Acquisition during the fourth quarter valued at $416,000. Marshall Wace LLP grew its position in shares of XPAC Acquisition by 103.2% during the fourth quarter. Marshall Wace LLP now owns 812,447 shares of the company’s stock worth $7,871,000 after acquiring an additional 412,679 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of XPAC Acquisition in the fourth quarter valued at approximately $3,668,000. Finally, D. E. Shaw & Co. Inc. bought a new stake in shares of XPAC Acquisition during the fourth quarter valued at about $4,502,000. Hedge funds and other institutional investors own 6.58% of the company’s stock.

XPAX stock opened at $9.70 on Friday. The stock has a fifty day moving average price of $9.67. XPAC Acquisition has a one year low of $9.59 and a one year high of $9.80.

XPAC Acquisition Company Profile (Get Rating)

XPAC Acquisition Corp. does not have significant operations. It intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.

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