Lafayette Acquisition Corp. (NASDAQ:LAFAR) Sees Significant Increase in Short Interest

Lafayette Acquisition Corp. (NASDAQ:LAFAR) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 2,532 shares, a growth of 63.0% from the June 30th total of 1,553 shares. Based on an average trading volume of 5,091 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LAFAR. Clear Street Group Inc. bought a new stake in Lafayette Acquisition in the fourth quarter worth $25,000. Radcliffe Capital Management L.P. purchased a new stake in shares of Lafayette Acquisition in the fourth quarter worth approximately $27,000. 683 Capital Management LLC bought a new stake in shares of Lafayette Acquisition during the fourth quarter worth $34,000. Rivernorth Capital Management LLC bought a new stake in Lafayette Acquisition during the 1st quarter valued at about $36,000. Finally, First Trust Capital Management L.P. purchased a new stake in shares of Lafayette Acquisition in the fourth quarter valued at approximately $41,000.

Lafayette Acquisition Stock Performance

Shares of LAFAR stock opened at $0.09 on Friday. The company’s fifty day moving average price is $0.11. Lafayette Acquisition has a one year low of $0.07 and a one year high of $0.30.

Lafayette Acquisition Company Profile

We are a blank check company incorporated in the Cayman Islands on June 7, 2024, as an exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination, which we refer to throughout this prospectus as our “business combination” with a business or entity, which we refer to throughout this prospectus as a “target business”. To date, our efforts have been limited to organizational activities and activities related to this offering.