Alpha Star Acquisition Co. (NASDAQ:ALSA) Sees Significant Decline in Short Interest

Alpha Star Acquisition Co. (NASDAQ:ALSA) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 500 shares, a decrease of 37.5% from the March 31st total of 800 shares. Based on an average daily trading volume, of 41,400 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Alpha Star Acquisition Price Performance

Shares of ALSA stock opened at $11.37 on Friday. Alpha Star Acquisition has a 12-month low of $10.52 and a 12-month high of $11.66. The firm has a fifty day moving average of $11.30 and a 200-day moving average of $11.21.

Hedge Funds Weigh In On Alpha Star Acquisition

Institutional investors and hedge funds have recently made changes to their positions in the company. Spartan Fund Management Inc. acquired a new position in shares of Alpha Star Acquisition in the 4th quarter valued at $144,000. Cowen AND Company LLC acquired a new stake in Alpha Star Acquisition during the 4th quarter worth approximately $228,000. Warberg Asset Management LLC raised its holdings in Alpha Star Acquisition by 17.7% during the 3rd quarter. Warberg Asset Management LLC now owns 24,828 shares of the company’s stock worth $272,000 after buying an additional 3,725 shares during the period. BCK Capital Management LP acquired a new stake in Alpha Star Acquisition during the 3rd quarter worth approximately $410,000. Finally, Walleye Trading LLC acquired a new stake in Alpha Star Acquisition during the 3rd quarter worth approximately $1,430,000. Institutional investors and hedge funds own 65.12% of the company’s stock.

Alpha Star Acquisition Company Profile

Alpha Star Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in clean energy, internet and high technology, financial technology, health care, consumer and retail, energy and resources, manufacturing, and education sectors in Asia.