Altitude Acquisition Corp. (NASDAQ:ALTUW) Short Interest Up 100.0% in August

Altitude Acquisition Corp. (NASDAQ:ALTUW) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 5,000 shares, an increase of 100.0% from the August 15th total of 2,500 shares. Based on an average daily volume of 13,200 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Altitude Acquisition

A hedge fund recently bought a new stake in Altitude Acquisition stock. Sequoia Financial Advisors LLC purchased a new stake in shares of Altitude Acquisition Corp. (NASDAQ:ALTUW) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 577,434 shares of the company’s stock, valued at approximately $32,000.

Altitude Acquisition Stock Performance

Shares of NASDAQ:ALTUW opened at $0.06 on Thursday. The company’s 50-day moving average price is $0.06 and its 200 day moving average price is $0.06. Altitude Acquisition has a fifty-two week low of $0.02 and a fifty-two week high of $0.12.

Altitude Acquisition Company Profile

altitude acquisition corp. is blank check company newly incorporated as a delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. altitude intends to focus our efforts on identifying a prospective target business with either all or a substantial portion of its activities around the globe.