Accelerate Acquisition Corp. (NYSE:AAQC – Get Rating) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 65,900 shares, a growth of 175.7% from the June 30th total of 23,900 shares. Based on an average daily trading volume, of 24,800 shares, the short-interest ratio is currently 2.7 days. Approximately 0.2% of the company's shares are sold short.
Accelerate Acquisition Stock Performance
NYSE AAQC opened at $9.80 on Friday. The business's 50-day moving average price is $9.77 and its two-hundred day moving average price is $9.75. Accelerate Acquisition has a 12 month low of $9.60 and a 12 month high of $9.92.
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Institutional Investors Weigh In On Accelerate Acquisition
A number of institutional investors have recently made changes to their positions in the stock. SkyView Investment Advisors LLC grew its position in shares of Accelerate Acquisition by 101.6% in the 1st quarter. SkyView Investment Advisors LLC now owns 100,808 shares of the company's stock valued at $984,000 after buying an additional 50,808 shares during the last quarter. Saba Capital Management L.P. boosted its position in shares of Accelerate Acquisition by 21.6% during the 1st quarter. Saba Capital Management L.P. now owns 614,106 shares of the company's stock valued at $5,994,000 after purchasing an additional 109,103 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Accelerate Acquisition by 21.7% during the 1st quarter. Hsbc Holdings PLC now owns 898,670 shares of the company's stock valued at $8,753,000 after purchasing an additional 160,289 shares in the last quarter. Basso Capital Management L.P. bought a new stake in shares of Accelerate Acquisition during the 1st quarter valued at about $1,623,000. Finally, GAM Holding AG bought a new stake in shares of Accelerate Acquisition during the 4th quarter valued at about $327,000. Institutional investors own 92.93% of the company's stock.
Accelerate Acquisition Company Profile
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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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