XPAC Acquisition Corp. (NASDAQ:XPAX) Short Interest Update

XPAC Acquisition Corp. (NASDAQ:XPAXGet Rating) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 1,200 shares, a drop of 36.8% from the August 15th total of 1,900 shares. Based on an average trading volume of 9,100 shares, the days-to-cover ratio is currently 0.1 days.

XPAC Acquisition Stock Performance

Shares of XPAX opened at $9.80 on Wednesday. XPAC Acquisition has a 52 week low of $9.59 and a 52 week high of $9.82. The stock has a 50 day moving average of $9.78 and a 200-day moving average of $9.74.

Institutional Trading of XPAC Acquisition

Hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC raised its position in shares of XPAC Acquisition by 24.6% during the second quarter. Millennium Management LLC now owns 962,848 shares of the company’s stock worth $9,397,000 after purchasing an additional 190,207 shares during the period. Ghisallo Capital Management LLC acquired a new stake in shares of XPAC Acquisition during the fourth quarter worth $4,789,000. Silver Rock Financial LP acquired a new stake in shares of XPAC Acquisition during the fourth quarter worth $4,705,000. Citigroup Inc. acquired a new stake in shares of XPAC Acquisition during the first quarter worth $4,682,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of XPAC Acquisition during the fourth quarter worth $3,668,000. Institutional investors own 32.91% of the company’s stock.

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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