StoneBridge Acquisition Co. (NASDAQ:APAC) Short Interest Down 29.1% in May

StoneBridge Acquisition Co. (NASDAQ:APACGet Rating) saw a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 6,100 shares, a decrease of 29.1% from the May 15th total of 8,600 shares. Based on an average trading volume of 54,100 shares, the days-to-cover ratio is presently 0.1 days.

Several hedge funds have recently made changes to their positions in APAC. Citadel Advisors LLC purchased a new position in shares of StoneBridge Acquisition in the third quarter valued at $16,795,000. Marshall Wace LLP purchased a new position in StoneBridge Acquisition during the 3rd quarter valued at about $6,248,000. D. E. Shaw & Co. Inc. increased its position in shares of StoneBridge Acquisition by 459.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 674,186 shares of the company’s stock valued at $6,668,000 after buying an additional 553,770 shares during the period. CVI Holdings LLC bought a new stake in shares of StoneBridge Acquisition during the third quarter valued at about $4,950,000. Finally, Whitebox Advisors LLC purchased a new stake in shares of StoneBridge Acquisition in the third quarter worth about $3,476,000. Institutional investors own 82.42% of the company’s stock.

Shares of NASDAQ:APAC opened at $9.95 on Tuesday. The company has a 50-day moving average price of $9.97 and a two-hundred day moving average price of $9.93. StoneBridge Acquisition has a twelve month low of $9.70 and a twelve month high of $10.00.

StoneBridge Acquisition Company Profile (Get Rating)

StoneBridge Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or 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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