Short Interest in Apex Technology Acquisition Co. (NASDAQ:APXT) Expands By 2,948.5%

Apex Technology Acquisition Co. (NASDAQ:APXT) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 28,321 shares, an increase of 2,948.5% from the June 15th total of 929 shares. Based on an average daily volume of 204,981 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Apex Technology Acquisition

Several hedge funds have recently made changes to their positions in the business. ABC Arbitrage SA purchased a new position in Apex Technology Acquisition during the first quarter worth about $199,000. Bulldog Investors LLP acquired a new position in shares of Apex Technology Acquisition in the 4th quarter valued at $425,000. Gritstone Asset Management LLC acquired a new position in shares of Apex Technology Acquisition in the 4th quarter valued at $494,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Apex Technology Acquisition during the 4th quarter valued at $494,000. Finally, Sculptor Capital LP purchased a new stake in shares of Apex Technology Acquisition during the 4th quarter valued at $522,000. Institutional investors and hedge funds own 6.01% of the company’s stock.

Apex Technology Acquisition Price Performance

Shares of NASDAQ:APXT remained flat at $10.07 during trading on Friday. 758 shares of the stock were exchanged, compared to its average volume of 111,621. The firm’s fifty day moving average is $10.04 and its two-hundred day moving average is $9.98. Apex Technology Acquisition has a twelve month low of $9.87 and a twelve month high of $10.10.

Apex Technology Acquisition (NASDAQ:APXT) last announced its quarterly earnings data on Thursday, March 26th. The company reported $0.09 earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on APXT shares. Wall Street Zen raised Apex Technology Acquisition to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings began coverage on Apex Technology Acquisition in a report on Tuesday, May 26th. They issued a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Apex Technology Acquisition Company Profile

Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.