Alset Capital Acquisition Corp. (NASDAQ:ACAX – Get Rating) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 700 shares, a growth of 16.7% from the November 15th total of 600 shares. Based on an average trading volume of 9,600 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company's shares are short sold.

Hedge Funds Weigh In On Alset Capital Acquisition

A number of hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new position in shares of Alset Capital Acquisition during the 2nd quarter worth $101,000. Karpus Management Inc. purchased a new position in shares of Alset Capital Acquisition during the 1st quarter worth $247,000. Robinson Capital Management LLC purchased a new position in shares of Alset Capital Acquisition during the 2nd quarter worth $326,000. BlackRock Inc. grew its holdings in shares of Alset Capital Acquisition by 352.0% during the 3rd quarter. BlackRock Inc. now owns 47,700 shares of the company's stock worth $471,000 after purchasing an additional 37,147 shares during the period. Finally, Ergoteles LLC purchased a new position in shares of Alset Capital Acquisition during the 3rd quarter worth $371,000. 69.15% of the stock is currently owned by hedge funds and other institutional investors.

Alset Capital Acquisition Price Performance

Shares of ACAX opened at $9.98 on Friday. Alset Capital Acquisition has a 52-week low of $9.80 and a 52-week high of $10.40. The stock has a fifty day simple moving average of $9.92 and a two-hundred day simple moving average of $9.90.

Alset Capital Acquisition Company Profile

Alset Capital Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on identifying businesses in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, as well as businesses and technologies targeting the real estate space.

Further Reading

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