Space Asset Acquisition Corp. (NASDAQ:SAAQ) Sees Significant Increase in Short Interest

Space Asset Acquisition Corp. (NASDAQ:SAAQ) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 4,989 shares, an increase of 127.4% from the July 30th total of 2,194 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 9,550 shares, the short-interest ratio is currently 0.5 days.

Space Asset Acquisition Trading Up 0.4%

Shares of NASDAQ:SAAQ traded up $0.04 during midday trading on Friday, reaching $10.14. The company had a trading volume of 4,670 shares, compared to its average volume of 54,454. The company’s fifty day simple moving average is $10.17. Space Asset Acquisition has a one year low of $9.88 and a one year high of $11.10.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of Space Asset Acquisition in a research report on Monday, June 15th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Trading of Space Asset Acquisition

A hedge fund recently bought a new stake in Space Asset Acquisition stock. Corient Private Wealth LP purchased a new position in Space Asset Acquisition Corp. (NASDAQ:SAAQ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $108,000.

About Space Asset Acquisition

Space Asset Acquisition Corp is a blank check company.