Alpex Acquisition Corporation (NASDAQ:ALPX) Shares Shorted: Short Interest Down 99.1% in October

Alpex Acquisition Corporation (NASDAQ:ALPX) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 733 shares, a drop of 99.1% from the October 15th total of 80,484 shares. Based on an average trading volume of 23,070 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings assumed coverage on Alpex Acquisition in a research report on Tuesday, September 29th. They issued a “sell (e)” rating for the company. Wall Street Zen upgraded Alpex Acquisition to a “hold” rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has a consensus rating of “Sell”.

Alpex Acquisition Price Performance

Shares of NASDAQ ALPX opened at $10.01 on Wednesday. Alpex Acquisition has a twelve month low of $9.81 and a twelve month high of $10.01. The firm has a 50-day simple moving average of $9.97.

About Alpex Acquisition

Alpex Acquisition Corp. is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, or similar business combination. It does not operate a conventional business or offer products and services to customers. The company has described its intended focus as businesses in the technology, media and telecommunications sectors, with an emphasis on opportunities in Asia. Its activities center on identifying and evaluating a potential acquisition target.