Accelerate Acquisition Corp. (NYSE:AAQC – Get Rating) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 836,800 shares, an increase of 15.1% from the October 15th total of 727,000 shares. Based on an average trading volume of 88,000 shares, the days-to-cover ratio is presently 9.5 days. Currently, 2.1% of the company's shares are sold short.

Accelerate Acquisition Price Performance

AAQC stock traded down $0.01 during midday trading on Monday, hitting $9.90. 61,687 shares of the company's stock were exchanged, compared to its average volume of 71,499. The business has a 50-day simple moving average of $9.86 and a two-hundred day simple moving average of $9.81. Accelerate Acquisition has a 1-year low of $9.68 and a 1-year high of $9.95.

Institutional Investors Weigh In On Accelerate Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAQC. Bank of Montreal Can acquired a new stake in shares of Accelerate Acquisition in the second quarter valued at $157,000. Virtu Financial LLC acquired a new stake in shares of Accelerate Acquisition in the third quarter valued at $314,000. CSS LLC IL acquired a new stake in shares of Accelerate Acquisition in the second quarter valued at $366,000. Sanders Morris Harris LLC acquired a new stake in shares of Accelerate Acquisition in the third quarter valued at $492,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Accelerate Acquisition in the second quarter valued at $768,000. Institutional investors and hedge funds own 63.04% of the company's stock.

About Accelerate Acquisition

Accelerate Acquisition Corp. 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 industrial, transportation and mobility, consumer, and retail sectors.

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