Short Interest in XPAC Acquisition Corp. (NASDAQ:XPAX) Declines By 96.4%

XPAC Acquisition Corp. (NASDAQ:XPAXGet Rating) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 1,100 shares, a decline of 96.4% from the March 31st total of 30,500 shares. Based on an average daily trading volume, of 21,200 shares, the days-to-cover ratio is presently 0.1 days.

A number of institutional investors have recently made changes to their positions in the business. Woodline Partners LP bought a new stake in XPAC Acquisition during the fourth quarter worth approximately $3,404,000. Schonfeld Strategic Advisors LLC bought a new stake in XPAC Acquisition during the fourth quarter worth approximately $416,000. Marshall Wace LLP boosted its position in 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 purchasing an additional 412,679 shares during the period. Cubist Systematic Strategies LLC bought a new stake in XPAC Acquisition during the fourth quarter worth approximately $3,668,000. Finally, D. E. Shaw & Co. Inc. bought a new stake in XPAC Acquisition during the fourth quarter worth approximately $4,502,000. 6.58% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ XPAX traded up $0.01 during trading hours on Wednesday, hitting $9.78. The stock had a trading volume of 25,990 shares, compared to its average volume of 32,972. The company’s 50-day moving average price is $9.69. XPAC Acquisition has a 52 week low of $9.59 and a 52 week 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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