Alset Capital Acquisition Corp. (NASDAQ:ACAXU – Get Rating) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 2,800 shares, a decline of 20.0% from the August 15th total of 3,500 shares. Based on an average daily trading volume, of 500 shares, the short-interest ratio is currently 5.6 days. Currently, 0.0% of the company's shares are sold short.
Alset Capital Acquisition Price Performance
Shares of ACAXU stock opened at $10.24 on Friday. Alset Capital Acquisition has a 12-month low of $9.94 and a 12-month high of $11.19. The firm has a fifty day moving average of $10.04 and a 200-day moving average of $10.05.
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Hedge Funds Weigh In On Alset Capital Acquisition
Several institutional investors and hedge funds have recently made changes to their positions in the company. Yakira Capital Management Inc. acquired a new position in Alset Capital Acquisition in the 1st quarter worth $3,528,000. MMCAP International Inc. SPC acquired a new position in Alset Capital Acquisition in the 1st quarter worth $1,966,000. SkyView Investment Advisors LLC acquired a new position in Alset Capital Acquisition in the 1st quarter worth $1,462,000. Goldman Sachs Group Inc. acquired a new position in Alset Capital Acquisition in the 1st quarter worth $1,195,000. Finally, Ayrton Capital LLC bought a new stake in Alset Capital Acquisition during the 1st quarter worth about $1,008,000.
Alset Capital Acquisition Company Profile
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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.
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