AvePoint Inc (NASDAQ:AVPTW) Sees Large Increase in Short Interest

AvePoint Inc (NASDAQ:AVPTWGet Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 2,600 shares, an increase of 225.0% from the August 15th total of 800 shares. Based on an average daily trading volume, of 16,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On AvePoint

A hedge fund recently raised its stake in AvePoint stock. Walleye Capital LLC grew its position in shares of AvePoint Inc (NASDAQ:AVPTWFree Report) by 8.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,645 shares of the company’s stock after acquiring an additional 16,458 shares during the quarter. Walleye Capital LLC’s holdings in AvePoint were worth $188,000 as of its most recent filing with the Securities & Exchange Commission.

AvePoint Price Performance

AVPTW traded up $0.09 during trading on Wednesday, hitting $1.09. The company’s stock had a trading volume of 478 shares, compared to its average volume of 16,864. AvePoint has a twelve month low of $0.42 and a twelve month high of $1.53. The stock’s fifty day moving average price is $0.97 and its 200-day moving average price is $0.85.

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