AxonPrime Infrastructure Acquisition Co. (NASDAQ:APMI – Get Rating) was the target of a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 13,600 shares, an increase of 21.4% from the December 15th total of 11,200 shares. Based on an average daily trading volume, of 38,000 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On AxonPrime Infrastructure Acquisition

A number of institutional investors have recently added to or reduced their stakes in APMI. Cubist Systematic Strategies LLC acquired a new stake in AxonPrime Infrastructure Acquisition during the 2nd quarter valued at $649,000. Basso Capital Management L.P. bought a new stake in shares of AxonPrime Infrastructure Acquisition during the first quarter valued at approximately $445,000. Parallax Volatility Advisers L.P. bought a new stake in shares of AxonPrime Infrastructure Acquisition during the second quarter valued at approximately $193,000. Centiva Capital LP bought a new stake in shares of AxonPrime Infrastructure Acquisition during the second quarter valued at approximately $142,000. Finally, Saba Capital Management L.P. increased its position in shares of AxonPrime Infrastructure Acquisition by 80.6% during the third quarter. Saba Capital Management L.P. now owns 448,000 shares of the company's stock valued at $4,343,000 after purchasing an additional 200,000 shares during the period. 49.45% of the stock is currently owned by institutional investors and hedge funds.

AxonPrime Infrastructure Acquisition Price Performance

APMI remained flat at $9.98 during trading on Friday. AxonPrime Infrastructure Acquisition has a 12 month low of $9.59 and a 12 month high of $10.78. The business's fifty day simple moving average is $9.89 and its 200-day simple moving average is $9.78.

About AxonPrime Infrastructure Acquisition

AxonPrime Infrastructure Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in New York, New York.

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