StoneBridge Acquisition Co. (NASDAQ:APAC) Sees Large Growth in Short Interest

StoneBridge Acquisition Co. (NASDAQ:APACGet 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

(Get Rating)

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.

See Also

Receive News & Ratings for StoneBridge Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StoneBridge Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.