Lafayette Acquisition Corp. (NASDAQ:LAFAR – Get Free Report) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 1,514 shares, a drop of 40.2% from the July 15th total of 2,532 shares. Based on an average trading volume of 759 shares, the days-to-cover ratio is currently 2.0 days.
Lafayette Acquisition Stock Up 12.1%
NASDAQ LAFAR traded up $0.01 during trading on Wednesday, reaching $0.09. The company’s stock had a trading volume of 3,330 shares, compared to its average volume of 18,629. Lafayette Acquisition has a 1-year low of $0.07 and a 1-year high of $0.30. The stock has a 50-day simple moving average of $0.10.
Institutional Investors Weigh In On Lafayette Acquisition
Several institutional investors and hedge funds have recently modified their holdings of LAFAR. Clear Street Group Inc. bought a new stake in Lafayette Acquisition in the fourth quarter worth $25,000. Radcliffe Capital Management L.P. acquired a new stake in shares of Lafayette Acquisition in the fourth quarter worth about $27,000. 683 Capital Management LLC acquired a new stake in shares of Lafayette Acquisition in the fourth quarter worth about $34,000. Rivernorth Capital Management LLC bought a new stake in shares of Lafayette Acquisition during the 1st quarter worth about $36,000. Finally, First Trust Capital Management L.P. bought a new stake in shares of Lafayette Acquisition during the 4th quarter worth about $41,000.
Lafayette Acquisition Company Profile
We are a blank check company incorporated in the Cayman Islands on June 7, 2024, as an exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination, which we refer to throughout this prospectus as our “business combination” with a business or entity, which we refer to throughout this prospectus as a “target business”. To date, our efforts have been limited to organizational activities and activities related to this offering.
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