Alpex Acquisition Corporation (NASDAQ:ALPX) Stock Short Interest Drops 79.1%

Alpex Acquisition Corporation (NASDAQ:ALPX) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 129 shares, a drop of 79.1% from the September 15th total of 616 shares. Based on an average daily volume of 33,680 shares, the short-interest ratio is presently 0.0 days.

Alpex Acquisition Stock Up 0.2%

Shares of NASDAQ ALPX traded up $0.02 during midday trading on Tuesday, reaching $9.97. 231 shares of the stock were exchanged, compared to its average volume of 93,573. Alpex Acquisition has a 12 month low of $9.81 and a 12 month high of $10.00. The business’s 50-day moving average is $9.94.

Wall Street Analyst Weigh In

Several research firms have issued reports on ALPX. Wall Street Zen raised Alpex Acquisition to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings initiated coverage on Alpex Acquisition in a research report on Tuesday, September 29th. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Alpex Acquisition

Alpex Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and combine with one or more operating businesses through a merger, acquisition, share exchange, or similar transaction. Unlike an operating company, it does not initially sell products or provide services to customers.

The company’s primary activity is evaluating potential acquisition targets and completing a business combination. Until such a transaction occurs, its operations generally consist of organizational activities, due diligence, and pursuing a suitable target.

Alpex Acquisition Corp.