Launchpad Cadenza Acquisition Corp I (NASDAQ:LPCV) Stock Short Interest Report for September

Launchpad Cadenza Acquisition Corp I (NASDAQ:LPCV) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 113 shares, a drop of 53.7% from the September 15th total of 244 shares. Based on an average daily trading volume, of 42,363 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Launchpad Cadenza Acquisition Corp I Stock Performance

Shares of LPCV remained flat at $10.08 during midday trading on Tuesday. The stock had a trading volume of 125,738 shares, compared to its average volume of 37,215. Launchpad Cadenza Acquisition Corp I has a 12-month low of $9.88 and a 12-month high of $10.13. The company’s 50-day moving average is $10.07 and its two-hundred day moving average is $10.00.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Launchpad Cadenza Acquisition Corp I from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Launchpad Cadenza Acquisition Corp I has a consensus rating of “Sell”.

Launchpad Cadenza Acquisition Corp I Company Profile

Launchpad Cadenza Acquisition Corp I (NASDAQ: LPCV) is a special purpose acquisition company, or SPAC. The company was formed to pursue a merger, share exchange, asset acquisition, reorganization, or similar business combination with one or more operating businesses.

As a SPAC, Launchpad Cadenza Acquisition Corp I does not have significant operating activities, products, or services of its own. Its principal objective is to identify and complete a transaction with a private company, which could then become a publicly traded business.

The company had not identified a specific acquisition target in the publicly available information reviewed.