Launch One Acquisition Corp. (NASDAQ:LPAA) Short Interest Down 83.3% in December

Launch One Acquisition Corp. (NASDAQ:LPAA) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 516 shares, a drop of 83.3% from the December 15th total of 3,095 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 44,784 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 44,784 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Launch One Acquisition Trading Down 0.0%

NASDAQ:LPAA traded down $0.01 during trading hours on Monday, reaching $10.62. 15,421 shares of the company were exchanged, compared to its average volume of 51,885. Launch One Acquisition has a 1-year low of $10.05 and a 1-year high of $10.70. The business has a 50 day moving average of $10.57 and a 200 day moving average of $10.50.

Launch One Acquisition (NASDAQ:LPAA) last issued its earnings results on Thursday, November 13th. The company reported $0.07 earnings per share for the quarter. The business had revenue of $2.53 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Launch One Acquisition in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Launch One Acquisition presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Launch One Acquisition

Several institutional investors have recently added to or reduced their stakes in LPAA. Quarry LP grew its position in shares of Launch One Acquisition by 200.0% during the 3rd quarter. Quarry LP now owns 150,000 shares of the company’s stock worth $1,575,000 after buying an additional 100,000 shares during the period. Clear Street Group Inc. bought a new stake in Launch One Acquisition in the third quarter valued at $114,000. Berkley W R Corp grew its stake in Launch One Acquisition by 188.6% in the third quarter. Berkley W R Corp now owns 912,609 shares of the company’s stock valued at $9,582,000 after acquiring an additional 596,408 shares during the period. Shaolin Capital Management LLC increased its holdings in shares of Launch One Acquisition by 14.3% during the third quarter. Shaolin Capital Management LLC now owns 400,000 shares of the company’s stock valued at $4,200,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Radcliffe Capital Management L.P. bought a new stake in shares of Launch One Acquisition during the third quarter valued at approximately $587,000.

About Launch One Acquisition

Launch One Acquisition Corp is a blank check company incorporated in Delaware. Its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Shares and warrants of the company trade on the Nasdaq Global Market under the ticker symbols “LPAA” and “LPAAW.”

The company completed its initial public offering in 2021, raising gross proceeds through the sale of units, each consisting of one share of common stock and one quarter of a warrant.