Short Interest in Alpha Capital Acquisition (NASDAQ:ASPC) Declines By 18.6%

Alpha Capital Acquisition (NASDAQ:ASPC) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 16,119 shares, a decrease of 18.6% from the March 31st total of 19,797 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 32,891 shares, the short-interest ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Alpha Capital Acquisition to a “sell” rating in a research report on Saturday, January 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Alpha Capital Acquisition Stock Up 2.3%

ASPC stock opened at $11.97 on Friday. The business has a 50-day moving average of $11.29 and a 200-day moving average of $12.52. Alpha Capital Acquisition has a fifty-two week low of $10.12 and a fifty-two week high of $63.98.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Geode Capital Management LLC acquired a new position in Alpha Capital Acquisition during the fourth quarter valued at approximately $377,000. Clear Street Group Inc. acquired a new position in Alpha Capital Acquisition during the third quarter valued at approximately $117,000. Berkley W R Corp boosted its position in Alpha Capital Acquisition by 19.3% during the third quarter. Berkley W R Corp now owns 615,149 shares of the company’s stock valued at $6,361,000 after purchasing an additional 99,579 shares during the last quarter. Radcliffe Capital Management L.P. acquired a new position in Alpha Capital Acquisition during the second quarter valued at approximately $336,000. Finally, Sandia Investment Management LP acquired a new position in Alpha Capital Acquisition during the second quarter valued at approximately $308,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Alpha Capital Acquisition Company Profile

Alpha Capital Acquisition Company does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in technology sector. The company was incorporated in 2020 and is based in New York, New York.