Space Asset Acquisition Corp. (NASDAQ:SAAQ – Get Free Report) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 697 shares, a decrease of 72.0% from the September 15th total of 2,492 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 115,469 shares, the days-to-cover ratio is presently 0.0 days.
Space Asset Acquisition Trading Down 0.2%
NASDAQ:SAAQ traded down $0.02 during trading hours on Monday, reaching $10.06. 34,447 shares of the stock were exchanged, compared to its average volume of 62,515. Space Asset Acquisition has a twelve month low of $9.88 and a twelve month high of $11.10. The firm has a 50 day moving average of $10.11 and a 200 day moving average of $10.18.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of Space Asset Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Space Asset Acquisition stock. Corient Private Wealth LP purchased a new stake in Space Asset Acquisition Corp. (NASDAQ:SAAQ – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $108,000.
Space Asset Acquisition Company Profile
Space Asset Acquisition Corp. (NASDAQ:SAAQ) was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a company operating in the space economy. Its stated focus included businesses involved in space-based technologies, aerospace, satellite systems, and related products or services.
As a SPAC, Space Asset Acquisition did not have substantial independent operating activities, products, or services of its own. Instead, its primary business activities consisted of raising capital through a public offering, evaluating potential acquisition targets, and seeking shareholder approval for a merger or similar transaction.
Publicly available information about the company’s operating history, geographic markets, and leadership is limited.
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