Acropolis Infrastructure Acquisition Corp. (NYSE:ACRO – Get Rating) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 26,300 shares, a decline of 47.4% from the November 30th total of 50,000 shares. Currently, 0.1% of the company's stock are short sold. Based on an average daily volume of 161,700 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in ACRO. Mangrove Partners increased its holdings in shares of Acropolis Infrastructure Acquisition by 98.5% during the third quarter. Mangrove Partners now owns 450,000 shares of the company's stock worth $4,367,000 after buying an additional 223,300 shares in the last quarter. First Trust Capital Management L.P. bought a new stake in shares of Acropolis Infrastructure Acquisition during the third quarter valued at approximately $9,705,000. Taconic Capital Advisors LP bought a new stake in shares of Acropolis Infrastructure Acquisition during the third quarter valued at approximately $25,143,000. Aristeia Capital LLC bought a new position in Acropolis Infrastructure Acquisition in the third quarter valued at approximately $3,397,000. Finally, Condor Capital Management bought a new position in Acropolis Infrastructure Acquisition in the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 68.81% of the company's stock.
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Acropolis Infrastructure Acquisition Trading Up 0.4 %
Shares of NYSE:ACRO opened at $9.95 on Friday. Acropolis Infrastructure Acquisition has a 1 year low of $9.60 and a 1 year high of $9.98. The firm has a fifty day moving average price of $9.87 and a 200 day moving average price of $9.77.
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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