Championsgate Acquisition Corp (NASDAQ:CHPGR) Shares Shorted: Short Interest Up 1,147.8% in September

Championsgate Acquisition Corp (NASDAQ:CHPGR) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 21,649 shares, a growth of 1,147.8% from the August 31st total of 1,735 shares. Based on an average trading volume of 118,118 shares, the short-interest ratio is currently 0.2 days.

Championsgate Acquisition Stock Down 29.1%

Shares of CHPGR stock opened at $0.12 on Friday. The stock’s 50-day moving average is $0.13 and its two-hundred day moving average is $0.14. Championsgate Acquisition has a 1 year low of $0.08 and a 1 year high of $0.28.

About Championsgate Acquisition

ChampionsGate Acquisition (NASDAQ: CHPGR) is a special purpose acquisition company (SPAC), also known as a blank‑check company, formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, reorganization or similar business combination. As a SPAC, it does not operate a traditional commercial business or produce consumer products; its principal activity is identifying and completing a qualifying transaction with a target company that will result in a public operating company.

In typical SPAC structure, proceeds from the IPO are held in trust while the sponsor and management team evaluate potential acquisition candidates across industries and geographies.