Short Interest in XPAC Acquisition Corp. (NASDAQ:XPAXU) Declines By 30.8%

XPAC Acquisition Corp. (NASDAQ:XPAXUGet Rating) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 1,800 shares, a decline of 30.8% from the April 15th total of 2,600 shares. Based on an average daily volume of 8,600 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Clear Street LLC acquired a new position in XPAC Acquisition in the fourth quarter valued at approximately $47,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in XPAC Acquisition by 88.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 50,000 shares of the company’s stock valued at $491,000 after purchasing an additional 23,522 shares during the period. Cubist Systematic Strategies LLC acquired a new position in XPAC Acquisition during the 4th quarter valued at approximately $311,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in XPAC Acquisition during the 3rd quarter worth $983,000. Finally, Periscope Capital Inc. acquired a new stake in XPAC Acquisition in the third quarter worth $1,475,000.

NASDAQ XPAXU opened at $9.91 on Friday. XPAC Acquisition has a one year low of $9.63 and a one year high of $10.08. The company has a 50-day simple moving average of $9.83 and a 200-day simple moving average of $9.83.

About XPAC Acquisition (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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