Astrea Acquisition Corp. (NASDAQ:ASAX) Sees Large Growth in Short Interest

Astrea Acquisition Corp. (NASDAQ:ASAXGet Rating) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 108,000 shares, an increase of 1,670.5% from the October 15th total of 6,100 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 37,400 shares, the days-to-cover ratio is presently 2.9 days.

Astrea Acquisition Trading Up 0.2 %

NASDAQ:ASAX opened at $9.94 on Friday. Astrea Acquisition has a one year low of $8.17 and a one year high of $9.99. The business’s 50-day simple moving average is $9.89 and its 200 day simple moving average is $9.84.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ASAX. Elequin Capital LP acquired a new position in shares of Astrea Acquisition in the third quarter worth about $25,000. Dark Forest Capital Management LP bought a new stake in Astrea Acquisition in the second quarter valued at about $94,000. Centiva Capital LP bought a new stake in Astrea Acquisition in the second quarter valued at about $160,000. Landscape Capital Management L.L.C. increased its holdings in Astrea Acquisition by 38.3% in the first quarter. Landscape Capital Management L.L.C. now owns 54,213 shares of the company’s stock valued at $530,000 after buying an additional 15,000 shares during the last quarter. Finally, Ergoteles LLC bought a new stake in Astrea Acquisition in the first quarter valued at about $642,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

About Astrea Acquisition

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Astrea Acquisition Corp. does not have significant operations. It intends to enter a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company focuses on the businesses in the food and beverage/hospitality, financial services, technology, consumer, real estate and transportation, telecom and media, and industrial sectors.

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