StoneBridge Acquisition Co. (NASDAQ:APAC – Get Rating) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 8,200 shares, an increase of 9.3% from the August 15th total of 7,500 shares. Based on an average daily trading volume, of 30,200 shares, the short-interest ratio is currently 0.3 days.
StoneBridge Acquisition Trading Up 0.1 %
NASDAQ:APAC opened at $10.05 on Monday. StoneBridge Acquisition has a 52 week low of $9.78 and a 52 week high of $10.20. The firm has a 50-day moving average price of $10.03 and a two-hundred day moving average price of $9.99.
Institutional Investors Weigh In On StoneBridge Acquisition
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aristeia Capital LLC purchased a new stake in StoneBridge Acquisition in the 1st quarter valued at about $2,488,000. Wolverine Asset Management LLC increased its stake in shares of StoneBridge Acquisition by 61.1% during the 1st quarter. Wolverine Asset Management LLC now owns 342,395 shares of the company’s stock worth $3,406,000 after purchasing an additional 129,800 shares during the last quarter. Spartan Fund Management Inc. purchased a new stake in shares of StoneBridge Acquisition during the 1st quarter worth approximately $2,504,000. Marshall Wace LLP increased its stake in shares of StoneBridge Acquisition by 52.8% during the 4th quarter. Marshall Wace LLP now owns 954,451 shares of the company’s stock worth $9,440,000 after purchasing an additional 329,699 shares during the last quarter. Finally, PEAK6 Investments LLC increased its stake in shares of StoneBridge Acquisition by 2,028.0% during the 4th quarter. PEAK6 Investments LLC now owns 266,000 shares of the company’s stock worth $2,620,000 after purchasing an additional 253,500 shares during the last quarter. Hedge funds and other institutional investors own 66.26% of the company’s stock.
About StoneBridge Acquisition
StoneBridge Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
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