Alpex Acquisition Corporation (NASDAQ:ALPX) Sees Large Drop in Short Interest

Alpex Acquisition Corporation (NASDAQ:ALPX) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 129 shares, a decrease of 79.1% from the September 15th total of 616 shares. Based on an average trading volume of 33,680 shares, the days-to-cover ratio is presently 0.0 days.

Alpex Acquisition Trading Up 0.2%

NASDAQ:ALPX traded up $0.02 during trading hours on Monday, reaching $9.97. The company had a trading volume of 231 shares, compared to its average volume of 93,573. Alpex Acquisition has a 1-year low of $9.81 and a 1-year high of $10.00. The stock has a 50 day moving average price of $9.93.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ALPX. Weiss Ratings initiated coverage on shares of Alpex Acquisition in a report on Tuesday, September 29th. They set a “sell (e)” rating for the company. Wall Street Zen raised shares of Alpex Acquisition to a “hold” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Alpex Acquisition Company Profile

Alpex Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and combine with one or more operating businesses through a merger, acquisition, share exchange, or similar transaction. Unlike an operating company, it does not initially sell products or provide services to customers.

The company’s primary activity is evaluating potential acquisition targets and completing a business combination. Until such a transaction occurs, its operations generally consist of organizational activities, due diligence, and pursuing a suitable target.

Alpex Acquisition Corp.