Alset Capital Acquisition Corp. (NASDAQ:ACAX – Get Rating) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 600 shares, a growth of 500.0% from the August 31st total of 100 shares. Based on an average trading volume of 15,500 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company's shares are short sold.
Hedge Funds Weigh In On Alset Capital Acquisition
A number of hedge funds and other institutional investors have recently made changes to their positions in ACAX. Cubist Systematic Strategies LLC acquired a new stake in shares of Alset Capital Acquisition during the 2nd quarter worth approximately $101,000. Karpus Management Inc. acquired a new stake in shares of Alset Capital Acquisition in the 1st quarter valued at about $247,000. Robinson Capital Management LLC bought a new stake in Alset Capital Acquisition in the 2nd quarter valued at about $326,000. CVI Holdings LLC acquired a new position in Alset Capital Acquisition during the 2nd quarter worth approximately $394,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in Alset Capital Acquisition in the first quarter valued at approximately $1,430,000. 69.15% of the stock is owned by institutional investors and hedge funds.
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Alset Capital Acquisition Stock Performance
Shares of Alset Capital Acquisition stock remained flat at $9.88 during trading on Tuesday. 10 shares of the company traded hands, compared to its average volume of 19,063. Alset Capital Acquisition has a one year low of $9.80 and a one year high of $10.40. The business has a 50 day simple moving average of $9.91.
About Alset Capital Acquisition
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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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