Apex Technology Acquisition Co. (NASDAQ:APXT) Short Interest Update

Apex Technology Acquisition Co. (NASDAQ:APXT) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,501 shares, an increase of 125.5% from the July 15th total of 1,109 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 738,883 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. ABC Arbitrage SA bought a new stake in shares of Apex Technology Acquisition during the first quarter worth approximately $199,000. Bulldog Investors LLP bought a new position in shares of Apex Technology Acquisition during the fourth quarter worth approximately $425,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Apex Technology Acquisition during the fourth quarter worth approximately $494,000. Sculptor Capital LP acquired a new stake in Apex Technology Acquisition during the 4th quarter worth approximately $522,000. Finally, Boothbay Fund Management LLC acquired a new stake in Apex Technology Acquisition during the 4th quarter worth approximately $865,000. 6.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on APXT. Weiss Ratings started coverage on Apex Technology Acquisition in a report on Tuesday, May 26th. They set 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 analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Apex Technology Acquisition Trading Up 0.0%

APXT stock traded up $0.01 during midday trading on Friday, reaching $10.12. 31,709 shares of the company were exchanged, compared to its average volume of 167,486. Apex Technology Acquisition has a one year low of $9.87 and a one year high of $10.19. The business has a 50-day moving average price of $10.08 and a two-hundred day moving average price of $10.02.

Apex Technology Acquisition (NASDAQ:APXT) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.03 earnings per share for the quarter.

Apex Technology Acquisition Company Profile

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.