Launch One Acquisition Corp. (NASDAQ:LPAA) Sees Significant Increase in Short Interest

Launch One Acquisition Corp. (NASDAQ:LPAA) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 3,095 shares, an increase of 317.1% from the November 30th total of 742 shares. Based on an average daily volume of 77,710 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 77,710 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Launch One Acquisition

Several institutional investors have recently bought and sold shares of LPAA. Quarry LP purchased a new stake in Launch One Acquisition in the 1st quarter valued at $1,532,000. Wealthspring Capital LLC increased its stake in Launch One Acquisition by 552.5% in the 2nd quarter. Wealthspring Capital LLC now owns 724,490 shares of the company’s stock valued at $7,546,000 after buying an additional 613,460 shares during the last quarter. Alberta Investment Management Corp bought a new position in shares of Launch One Acquisition in the second quarter valued at approximately $7,811,000. Magnetar Financial LLC bought a new stake in Launch One Acquisition during the second quarter worth $20,308,000. Finally, Clear Street LLC purchased a new position in Launch One Acquisition in the second quarter worth $116,000.

Launch One Acquisition Stock Up 0.2%

Shares of NASDAQ:LPAA opened at $10.61 on Thursday. Launch One Acquisition has a twelve month low of $10.04 and a twelve month high of $10.70. The stock’s 50 day moving average is $10.55 and its 200-day moving average is $10.49.

Launch One Acquisition (NASDAQ:LPAA) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.07 EPS for the quarter. The business had revenue of $2.53 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Launch One Acquisition in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Launch One Acquisition has an average rating of “Sell”.

About Launch One Acquisition

Launch One Acquisition Corp is a blank check company incorporated in Delaware. Its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Shares and warrants of the company trade on the Nasdaq Global Market under the ticker symbols “LPAA” and “LPAAW.”

The company completed its initial public offering in 2021, raising gross proceeds through the sale of units, each consisting of one share of common stock and one quarter of a warrant.