Centurion Acquisition Corp. (NASDAQ:ALFUW – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 724 shares, a decline of 35.6% from the September 15th total of 1,124 shares. Based on an average trading volume of 2,092 shares, the days-to-cover ratio is currently 0.3 days.
Centurion Acquisition Stock Performance
Shares of Centurion Acquisition stock remained flat at $0.18 during midday trading on Friday. The firm’s 50-day moving average is $0.26 and its two-hundred day moving average is $0.21. Centurion Acquisition has a twelve month low of $0.07 and a twelve month high of $0.45.
Centurion Acquisition is a special purpose acquisition company (SPAC) formed to identify and complete a business combination, such as a merger, acquisition or similar transaction, with one or more operating businesses.
As a SPAC, the company does not operate a conventional business and does not currently offer products or services to customers. Its activities primarily involve raising capital, evaluating potential acquisition targets and negotiating a transaction intended to establish a publicly traded operating company.
The company’s securities include warrants traded under the symbol ALFUW.
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