Aparadise Acquisition Corp. (NASDAQ:APADU – Get Free Report) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totaling 96 shares, a drop of 55.6% from the March 31st total of 216 shares. Based on an average daily volume of 82 shares, the days-to-cover ratio is presently 1.2 days.
Aparadise Acquisition Trading Down 2.6%
Aparadise Acquisition stock opened at $10.59 on Friday. Aparadise Acquisition has a 52 week low of $9.98 and a 52 week high of $11.00. The stock has a 50-day simple moving average of $10.58 and a 200 day simple moving average of $10.37.
Institutional Trading of Aparadise Acquisition
Several large investors have recently modified their holdings of APADU. BCK Capital Management LP bought a new position in shares of Aparadise Acquisition in the 3rd quarter valued at $231,000. JPMorgan Chase & Co. acquired a new position in shares of Aparadise Acquisition in the third quarter valued at approximately $549,000. Parallax Volatility Advisers L.P. bought a new position in shares of Aparadise Acquisition during the third quarter valued at $673,000. Picton Mahoney Asset Management bought a new position in Aparadise Acquisition during the 3rd quarter worth $998,000. Finally, ATW Spac Management LLC bought a new position in shares of Aparadise Acquisition during the third quarter worth about $1,248,000.
About Aparadise Acquisition
Aparadise Acquisition Corp. (NASDAQ: APADU) is a special purpose acquisition company formed under Delaware law. The company completed its initial public offering in 2021, raising funds to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more target companies. As a blank check company, APADU’s primary objective is to identify and acquire a private operating business and bring it to the public markets through a business combination transaction.
Following its IPO, the proceeds from APADU’s offering were placed in a trust account and invested in U.S.
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