Lafayette Acquisition Corp. (NASDAQ:LAFA) Sees Large Increase in Short Interest

Lafayette Acquisition Corp. (NASDAQ:LAFA) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 370 shares, an increase of 487.3% from the October 15th total of 63 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 794 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lafayette Acquisition in a report on Tuesday. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of Lafayette Acquisition

A number of large investors have recently bought and sold shares of the business. Sona Asset Management US LLC bought a new position in shares of Lafayette Acquisition in the 1st quarter worth about $3,490,000. First Trust Capital Management L.P. acquired a new position in shares of Lafayette Acquisition in the 3rd quarter valued at about $3,057,000. Rivernorth Capital Management LLC bought a new stake in shares of Lafayette Acquisition during the 1st quarter valued at about $2,991,000. Finally, Condor Capital Management bought a new stake in shares of Lafayette Acquisition during the 3rd quarter valued at about $136,000.

Lafayette Acquisition Trading Up 0.7%

Shares of NASDAQ:LAFA traded up $0.07 during trading on Thursday, reaching $10.28. The stock had a trading volume of 53,980 shares, compared to its average volume of 11,456. Lafayette Acquisition has a 52 week low of $9.87 and a 52 week high of $10.24. The firm’s fifty day moving average is $10.20 and its 200 day moving average is $10.09.

Lafayette Acquisition (NASDAQ:LAFA) last announced its earnings results on Thursday, August 13th. The company reported $0.06 earnings per share for the quarter.

About Lafayette Acquisition

Lafayette Acquisition Corp. (NASDAQ: LAFA) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination, such as a merger, capital stock exchange, asset acquisition, or similar transaction, with one or more operating businesses. As a blank-check company, Lafayette Acquisition does not have a standalone portfolio of products or services and generally does not conduct significant commercial operations before completing a business combination.