Lafayette Acquisition Corp. (NASDAQ:LAFA) Stock Short Interest Climbs 487.3%

Lafayette Acquisition Corp. (NASDAQ:LAFA) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 370 shares, an increase of 487.3% from the October 15th total of 63 shares. Based on an average daily trading volume, of 794 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Lafayette Acquisition in a research note on Tuesday. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Lafayette Acquisition

Hedge funds have recently bought and sold shares of the business. Sona Asset Management US LLC bought a new stake in Lafayette Acquisition in the first quarter worth about $3,490,000. First Trust Capital Management L.P. purchased a new stake in Lafayette Acquisition in the third quarter worth about $3,057,000. Rivernorth Capital Management LLC purchased a new position in Lafayette Acquisition during the 1st quarter valued at about $2,991,000. Kepos Capital LP bought a new position in Lafayette Acquisition in the third quarter worth approximately $975,000. Finally, Condor Capital Management purchased a new position in shares of Lafayette Acquisition in the 3rd quarter valued at $136,000.

Lafayette Acquisition Trading Up 0.4%

LAFA stock traded up $0.04 during mid-day trading on Friday, hitting $10.25. 53,980 shares of the stock were exchanged, compared to its average volume of 11,456. The business has a fifty day moving average price of $10.20 and a 200 day moving average price of $10.09. Lafayette Acquisition has a 12 month low of $9.87 and a 12 month high of $10.24.

Lafayette Acquisition (NASDAQ:LAFA) last released its earnings results on Thursday, November 12th. The company reported $0.06 EPS for the quarter.

Lafayette Acquisition Company Profile

Lafayette Acquisition Corp. is a special purpose acquisition company (SPAC), formed to pursue a business combination with one or more businesses. It does not have an established operating business or its own products and services. Its intended activities include identifying and completing a merger, acquisition, share exchange or similar transaction. The company’s specific target markets, geographic focus and leadership details are not included here.