StoneBridge Acquisition Co. (NASDAQ:APACW) Sees Significant Decline in Short Interest

StoneBridge Acquisition Co. (NASDAQ:APACW) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 19,900 shares, a decline of 15.3% from the October 15th total of 23,500 shares. Based on an average daily trading volume, of 15,300 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On StoneBridge Acquisition

An institutional investor recently raised its position in StoneBridge Acquisition stock. Periscope Capital Inc. increased its position in StoneBridge Acquisition Co. (NASDAQ:APACW) by 520.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 536,400 shares of the company’s stock after purchasing an additional 450,000 shares during the period. Periscope Capital Inc.’s holdings in StoneBridge Acquisition were worth $50,000 at the end of the most recent reporting period.

StoneBridge Acquisition Price Performance

NASDAQ APACW remained flat at $0.02 during trading hours on Wednesday. 10 shares of the company were exchanged, compared to its average volume of 40,317. StoneBridge Acquisition has a one year low of $0.01 and a one year high of $0.10. The business’s 50-day simple moving average is $0.03 and its 200-day simple moving average is $0.03.