Championsgate Acquisition Corp (NASDAQ:CHPG) Stock Short Interest Report for October

Championsgate Acquisition Corp (NASDAQ:CHPG) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 8,166 shares, a growth of 123.5% from the September 30th total of 3,653 shares. Based on an average daily volume of 2,692 shares, the short-interest ratio is currently 3.0 days. Currently, 0.1% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Championsgate Acquisition in a report on Monday, September 28th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Championsgate Acquisition

An institutional investor recently bought a new stake in Championsgate Acquisition stock. Sona Asset Management US LLC acquired a new position in Championsgate Acquisition Corp (NASDAQ:CHPG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 362,528 shares of the company’s stock, valued at approximately $3,716,000. Sona Asset Management US LLC owned approximately 4.17% of Championsgate Acquisition as of its most recent SEC filing.

Championsgate Acquisition Trading Down 0.0%

Championsgate Acquisition stock traded down $0.01 during mid-day trading on Friday, hitting $10.54. The company had a trading volume of 3,326 shares, compared to its average volume of 2,363. The stock’s 50 day moving average price is $10.48 and its two-hundred day moving average price is $10.38. Championsgate Acquisition has a 12 month low of $10.13 and a 12 month high of $10.54.

About Championsgate Acquisition

ChampionsGate Acquisition Corporation (NASDAQ: CHPG) is a special purpose acquisition company, or SPAC. Rather than operating a conventional business, the company was established to identify and complete a merger, share exchange, asset acquisition, reorganization, or similar business combination with one or more private companies.

Before completing a business combination, ChampionsGate Acquisition’s activities are primarily focused on evaluating potential target companies, conducting due diligence, and negotiating transaction terms.