HPX Corp. (NYSE:HPX) Short Interest Down 89.9% in August

HPX Corp. (NYSE:HPX) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 7,000 shares, a drop of 89.9% from the August 15th total of 69,100 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 22,700 shares, the days-to-cover ratio is currently 0.3 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kohlberg Kravis Roberts & Co. L.P. purchased a new stake in shares of HPX during the 2nd quarter valued at approximately $1,396,000. Turim 21 Investimentos Ltda. purchased a new stake in shares of HPX during the 1st quarter valued at approximately $964,000. Berkley W R Corp raised its position in shares of HPX by 63.1% during the 2nd quarter. Berkley W R Corp now owns 162,134 shares of the company’s stock valued at $1,597,000 after buying an additional 62,744 shares during the period. D. E. Shaw & Co. Inc. purchased a new stake in shares of HPX during the 1st quarter valued at approximately $585,000. Finally, Bank of America Corp DE purchased a new stake in shares of HPX during the 2nd quarter valued at approximately $516,000. 50.41% of the stock is currently owned by institutional investors and hedge funds.

HPX remained flat at $$9.83 during trading on Thursday. 303,780 shares of the company’s stock were exchanged, compared to its average volume of 61,046. The stock has a 50-day simple moving average of $9.79 and a two-hundred day simple moving average of $9.83. HPX has a twelve month low of $9.57 and a twelve month high of $11.38.

About HPX

HPX 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 2020 and is based in Wilmington, Delaware.

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