Alpex Acquisition Corporation (NASDAQ:ALPX) Stock Short Interest Declines 99.1%

Alpex Acquisition Corporation (NASDAQ:ALPX) was the target of a large decrease in short interest in October. As of October 30th, there was short interest totaling 733 shares, a decrease of 99.1% from the October 15th total of 80,484 shares. Based on an average daily volume of 23,070 shares, the days-to-cover ratio is currently 0.0 days.

Alpex Acquisition Stock Up 0.5%

Shares of ALPX traded up $0.05 on Tuesday, reaching $10.01. The stock had a trading volume of 115 shares, compared to its average volume of 91,147. Alpex Acquisition has a 12-month low of $9.81 and a 12-month high of $10.01. The company’s 50-day moving average price is $9.97.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ALPX shares. Weiss Ratings initiated coverage on shares of Alpex Acquisition in a research note on Tuesday, September 29th. They set a “sell (e)” rating on the stock. Wall Street Zen raised shares of Alpex Acquisition to a “hold” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

Alpex Acquisition Company Profile

Alpex Acquisition Corp. is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, or similar business combination. It does not operate a conventional business or offer products and services to customers. The company has described its intended focus as businesses in the technology, media and telecommunications sectors, with an emphasis on opportunities in Asia. Its activities center on identifying and evaluating a potential acquisition target.