Apex Technology Acquisition Co. (NASDAQ:APXT) Short Interest Down 92.9% in June

Apex Technology Acquisition Co. (NASDAQ:APXT) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 929 shares, a decline of 92.9% from the May 31st total of 13,129 shares. Based on an average trading volume of 90,700 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

APXT has been the subject of a number of research analyst reports. Weiss Ratings assumed coverage on Apex Technology Acquisition in a research report on Tuesday, May 26th. They issued a “sell (e+)” rating for the company. Wall Street Zen upgraded Apex Technology Acquisition to a “hold” rating in a research note on Saturday, June 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Apex Technology Acquisition presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Apex Technology Acquisition

Hedge funds have recently modified their holdings of the stock. ABC Arbitrage SA acquired a new position in Apex Technology Acquisition in the 1st quarter valued at $199,000. Bulldog Investors LLP purchased a new stake in Apex Technology Acquisition in the 4th quarter valued at approximately $425,000. Gritstone Asset Management LLC purchased a new position in shares of Apex Technology Acquisition during the 4th quarter worth approximately $494,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Apex Technology Acquisition in the 4th quarter valued at approximately $494,000. Finally, Sculptor Capital LP purchased a new stake in shares of Apex Technology Acquisition in the fourth quarter valued at approximately $522,000. 6.01% of the stock is owned by institutional investors and hedge funds.

Apex Technology Acquisition Trading Up 0.1%

NASDAQ APXT traded up $0.01 during trading on Friday, reaching $10.05. The company’s stock had a trading volume of 2,309 shares, compared to its average volume of 117,190. Apex Technology Acquisition has a twelve month low of $9.87 and a twelve month high of $10.08. The business’s fifty day moving average price is $10.02 and its 200-day moving average price is $9.97.

Apex Technology Acquisition (NASDAQ:APXT) last issued its quarterly earnings results on Thursday, March 26th. The company reported $0.09 earnings per share (EPS) for the quarter.

About Apex Technology Acquisition

Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.