Athena Consumer Acquisition Corp. (NYSE:ACAQ – Get Rating) was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 62,400 shares, an increase of 500.0% from the July 31st total of 10,400 shares. Based on an average daily volume of 18,500 shares, the days-to-cover ratio is presently 3.4 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Athena Consumer Acquisition

Several hedge funds have recently added to or reduced their stakes in ACAQ. Union Square Park Capital Management LLC acquired a new position in shares of Athena Consumer Acquisition in the fourth quarter worth approximately $99,000. Starboard Value LP bought a new position in Athena Consumer Acquisition in the 4th quarter valued at $3,812,000. OTA Financial Group L.P. bought a new position in Athena Consumer Acquisition in the 1st quarter valued at $240,000. Verition Fund Management LLC purchased a new position in shares of Athena Consumer Acquisition during the 1st quarter valued at $3,332,000. Finally, State Street Corp purchased a new position in shares of Athena Consumer Acquisition during the 1st quarter valued at $101,000. Institutional investors and hedge funds own 32.26% of the company's stock.

Athena Consumer Acquisition Stock Performance

Shares of NYSE:ACAQ traded up $0.01 during mid-day trading on Friday, reaching $10.07. The stock had a trading volume of 1,000 shares, compared to its average volume of 63,127. The firm has a 50 day simple moving average of $10.04 and a two-hundred day simple moving average of $10.01. Athena Consumer Acquisition has a twelve month low of $9.85 and a twelve month high of $10.26.

About Athena Consumer Acquisition

Athena Consumer Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company intends to identify business opportunities in the field of consumer goods and/or services.

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