StoneBridge Acquisition Co. (NASDAQ:APAC) Short Interest Update

StoneBridge Acquisition Co. (NASDAQ:APACGet Rating) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 2,600 shares, a decrease of 23.5% from the March 15th total of 3,400 shares. Based on an average daily volume of 39,200 shares, the days-to-cover ratio is currently 0.1 days.

Several hedge funds have recently modified their holdings of APAC. Cohanzick Management LLC purchased a new position in StoneBridge Acquisition in the 3rd quarter valued at approximately $50,000. Bank of America Corp DE purchased a new position in StoneBridge Acquisition in the fourth quarter valued at about $56,000. PEAK6 Investments LLC purchased a new position in StoneBridge Acquisition in the third quarter valued at about $124,000. Basso Capital Management L.P. purchased a new position in StoneBridge Acquisition in the third quarter valued at about $138,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of StoneBridge Acquisition during the third quarter worth about $297,000. 43.64% of the stock is owned by institutional investors and hedge funds.

StoneBridge Acquisition stock opened at $9.96 on Monday. StoneBridge Acquisition has a twelve month low of $9.70 and a twelve month high of $10.00. The stock’s 50 day moving average is $9.94.

About StoneBridge Acquisition (Get Rating)

StoneBridge Acquisition Corporation intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on a target with operations in the consumer technology, communications, software, SaaS, fintech, or media sectors.

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