Short Interest in XPAC Acquisition Corp. (NASDAQ:XPAXU) Increases By 73.3%

XPAC Acquisition Corp. (NASDAQ:XPAXUGet Rating) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 2,600 shares, an increase of 73.3% from the March 15th total of 1,500 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 9,300 shares, the short-interest ratio is presently 0.3 days.

Several hedge funds have recently bought and sold shares of the company. Clear Street LLC acquired a new position in XPAC Acquisition during the fourth quarter valued at approximately $47,000. Cubist Systematic Strategies LLC acquired a new stake in shares of XPAC Acquisition during the 4th quarter worth approximately $311,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of XPAC Acquisition in the 3rd quarter valued at about $983,000. Periscope Capital Inc. acquired a new stake in XPAC Acquisition in the 3rd quarter valued at $1,475,000. Finally, Glazer Capital LLC bought a new position in XPAC Acquisition in the 3rd quarter valued at about $1,644,000.

XPAXU stock opened at $9.82 on Friday. XPAC Acquisition has a fifty-two week low of $9.63 and a fifty-two week high of $10.08. The company has a 50 day moving average price of $9.80 and a 200 day moving average price of $9.82.

About XPAC Acquisition (Get Rating)

XPAC Acquisition Corp. 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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