Championsgate Acquisition Corp (NASDAQ:CHPGR) Sees Large Drop in Short Interest

Championsgate Acquisition Corp (NASDAQ:CHPGR) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 7,043 shares, a decrease of 67.5% from the September 15th total of 21,649 shares. Based on an average daily trading volume, of 913 shares, the days-to-cover ratio is presently 7.7 days.

Championsgate Acquisition Price Performance

Championsgate Acquisition stock remained flat at $0.12 during midday trading on Tuesday. The company had a trading volume of 437 shares, compared to its average volume of 48,288. The stock’s fifty day simple moving average is $0.12 and its two-hundred day simple moving average is $0.14. Championsgate Acquisition has a 12-month low of $0.08 and a 12-month high of $0.28.

About Championsgate Acquisition

ChampionsGate Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Its potential transaction could take the form of a merger, share exchange, asset acquisition, stock purchase, reorganization or similar corporate combination.

As a SPAC, ChampionsGate Acquisition does not operate a conventional business and does not currently offer products or services to customers. Its activities are primarily focused on evaluating acquisition opportunities, completing a transaction and supporting the resulting public company.

The company’s securities are listed on the Nasdaq Stock Market under separate symbols, including CHPGR for its units.