Acropolis Infrastructure Acquisition Corp. (NYSE:ACRO – Get Rating) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 50,000 shares, a decline of 22.5% from the November 15th total of 64,500 shares. Based on an average trading volume of 183,200 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short.
Acropolis Infrastructure Acquisition Stock Performance
Shares of ACRO opened at $9.90 on Friday. Acropolis Infrastructure Acquisition has a 12-month low of $9.60 and a 12-month high of $9.96. The stock's 50-day moving average price is $9.84 and its 200 day moving average price is $9.75.
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Hedge Funds Weigh In On Acropolis Infrastructure Acquisition
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Condor Capital Management acquired a new stake in Acropolis Infrastructure Acquisition during the third quarter valued at approximately $49,000. Robinson Capital Management LLC acquired a new stake in Acropolis Infrastructure Acquisition during the third quarter valued at approximately $116,000. Tuttle Capital Management LLC boosted its holdings in Acropolis Infrastructure Acquisition by 15.2% during the third quarter. Tuttle Capital Management LLC now owns 92,379 shares of the company's stock valued at $639,000 after purchasing an additional 12,181 shares in the last quarter. Virtu Financial LLC acquired a new stake in Acropolis Infrastructure Acquisition during the third quarter valued at approximately $255,000. Finally, Mangrove Partners boosted its holdings in Acropolis Infrastructure Acquisition by 98.5% during the third quarter. Mangrove Partners now owns 450,000 shares of the company's stock valued at $4,367,000 after purchasing an additional 223,300 shares in the last quarter. 67.81% of the stock is currently owned by institutional investors.
About Acropolis Infrastructure Acquisition
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Acropolis Infrastructure Acquisition Corp. does not have significant operations. It intends to effect a merger, consolidation, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities in the infrastructure, infrastructure services, and related sectors in North America.
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