Acropolis Infrastructure Acquisition Corp. (NYSE:ACRO) Sees Significant Drop in Short Interest

Acropolis Infrastructure Acquisition Corp. (NYSE:ACROGet Rating) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 8,400 shares, a decrease of 18.4% from the May 15th total of 10,300 shares. Based on an average daily volume of 33,900 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Several institutional investors have recently modified their holdings of the stock. Empyrean Capital Partners LP bought a new stake in Acropolis Infrastructure Acquisition during the first quarter worth about $9,710,000. Goldman Sachs Group Inc. increased its stake in shares of Acropolis Infrastructure Acquisition by 1,304.0% during the first quarter. Goldman Sachs Group Inc. now owns 453,284 shares of the company’s stock valued at $4,401,000 after purchasing an additional 420,999 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Acropolis Infrastructure Acquisition by 155.4% during the first quarter. Bank of America Corp DE now owns 679,931 shares of the company’s stock valued at $6,602,000 after purchasing an additional 413,757 shares in the last quarter. Oaktree Capital Management LP bought a new position in shares of Acropolis Infrastructure Acquisition during the third quarter valued at approximately $1,941,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Acropolis Infrastructure Acquisition during the third quarter valued at approximately $437,000. Institutional investors own 62.21% of the company’s stock.

Acropolis Infrastructure Acquisition stock traded up $0.01 on Friday, hitting $9.66. 281 shares of the stock traded hands, compared to its average volume of 43,869. Acropolis Infrastructure Acquisition has a 1 year low of $9.60 and a 1 year high of $9.82. The business’s fifty day simple moving average is $9.69 and its 200 day simple moving average is $9.69.

Acropolis Infrastructure Acquisition Company Profile (Get Rating)

Acropolis Infrastructure Acquisition Corp. does not have significant operations. It intends to effect a merger, consolidation, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities in the infrastructure, infrastructure services, and related sectors in North America.

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