Alpha Star Acquisition Co. (NASDAQ:ALSAW – Get Rating) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 200 shares, a drop of 75.0% from the November 30th total of 800 shares. Based on an average trading volume of 14,300 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Alpha Star Acquisition

Hedge funds have recently modified their holdings of the business. Saba Capital Management L.P. acquired a new stake in Alpha Star Acquisition in the 1st quarter valued at about $36,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Alpha Star Acquisition in the first quarter valued at approximately $25,000. Finally, Clear Street LLC increased its holdings in shares of Alpha Star Acquisition by 86.7% in the second quarter. Clear Street LLC now owns 1,209,175 shares of the company's stock valued at $42,000 after purchasing an additional 561,475 shares during the last quarter.

Alpha Star Acquisition Price Performance

Shares of ALSAW opened at $0.02 on Thursday. Alpha Star Acquisition has a 52-week low of $0.01 and a 52-week high of $0.25. The firm's fifty day moving average is $0.02 and its two-hundred day moving average is $0.03.

Alpha Star Acquisition Company Profile

Alpha Star Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in clean energy, internet and high technology, financial technology, health care, consumer and retail, energy and resources, manufacturing, and education sectors in Asia.

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