Short Interest in Championsgate Acquisition Corp (NASDAQ:CHPGU) Expands By 100.0%

Championsgate Acquisition Corp (NASDAQ:CHPGU) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 2 shares, a growth of 100.0% from the June 15th total of 1 shares. Based on an average trading volume of 2 shares, the days-to-cover ratio is currently 1.0 days.

Championsgate Acquisition Stock Performance

CHPGU remained flat at $10.48 during midday trading on Wednesday. Championsgate Acquisition has a 12-month low of $10.02 and a 12-month high of $12.10. The company has a fifty day moving average of $10.49.

Championsgate Acquisition Company Profile

Championsgate Acquisition (NASDAQ:CHPGU) is a special purpose acquisition company (SPAC) formed to raise capital through a public offering of units for the purpose of identifying, acquiring, or merging with one or more businesses. As a blank?check vehicle, the company’s primary business activity is to seek and complete a business combination that would result in its target company becoming a publicly traded entity through the SPAC structure.

The typical activities of a SPAC like Championsgate Acquisition include conducting an initial public offering of units, holding the proceeds in a trust account while pursuing potential acquisition targets, negotiating and structuring a business combination, and obtaining shareholder approval to complete a transaction.