Short Interest in Alpha Star Acquisition Co. (NASDAQ:ALSAW) Declines By 68.9%

Alpha Star Acquisition Co. (NASDAQ:ALSAW) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 3,300 shares, a drop of 68.9% from the February 29th total of 10,600 shares. Based on an average daily volume of 13,700 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Alpha Star Acquisition

A hedge fund recently bought a new stake in Alpha Star Acquisition stock. Polar Asset Management Partners Inc. purchased a new stake in shares of Alpha Star Acquisition Co. (NASDAQ:ALSAW) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 360,000 shares of the company’s stock, valued at approximately $25,000.

Alpha Star Acquisition Stock Performance

NASDAQ:ALSAW opened at $0.01 on Thursday. Alpha Star Acquisition has a 12-month low of $0.00 and a 12-month high of $0.02. The stock has a 50-day moving average price of $0.01 and a 200 day moving average price of $0.01.

About Alpha Star Acquisition

Alpha Star Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in clean energy, internet and high technology, financial technology, health care, consumer and retail, energy and resources, manufacturing, and education sectors in Asia.