Apex Technology Acquisition Co. (NASDAQ:APXT) Short Interest Update

Apex Technology Acquisition Co. (NASDAQ:APXT) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 2,501 shares, a growth of 125.5% from the July 15th total of 1,109 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 738,883 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

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

Apex Technology Acquisition Stock Performance

Apex Technology Acquisition stock opened at $10.12 on Friday. The business has a fifty day moving average of $10.08 and a two-hundred day moving average of $10.02. Apex Technology Acquisition has a twelve month low of $9.87 and a twelve month high of $10.19.

Apex Technology Acquisition (NASDAQ:APXT) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.03 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Apex Technology Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC purchased a new stake in shares of Apex Technology Acquisition during the first quarter valued at about $2,500,000. Wolverine Asset Management LLC purchased a new position in shares of Apex Technology Acquisition in the 4th quarter worth approximately $11,246,000. Sona Asset Management US LLC bought a new position in shares of Apex Technology Acquisition during the 1st quarter worth approximately $3,404,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Apex Technology Acquisition during the 1st quarter worth approximately $8,492,000. Finally, Periscope Capital Inc. purchased a new stake in Apex Technology Acquisition during the fourth quarter valued at approximately $4,450,000. Hedge funds and other institutional investors own 6.01% of the company’s stock.

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.