Alset Capital Acquisition Corp. (NASDAQ:ACAX – Get Rating) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 500 shares, a drop of 28.6% from the November 30th total of 700 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,400 shares, the short-interest ratio is currently 0.1 days.

Alset Capital Acquisition Price Performance

NASDAQ ACAX opened at $10.05 on Friday. The company has a 50 day moving average of $9.94 and a 200-day moving average of $9.91. Alset Capital Acquisition has a 1-year low of $9.80 and a 1-year high of $10.40.

Institutional Trading of Alset Capital Acquisition

Several hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Alset Capital Acquisition during the second quarter worth approximately $101,000. Robinson Capital Management LLC acquired a new stake in shares of Alset Capital Acquisition in the second quarter valued at approximately $326,000. BlackRock Inc. increased its holdings in shares of Alset Capital Acquisition by 352.0% in the third quarter. BlackRock Inc. now owns 47,700 shares of the company's stock valued at $471,000 after purchasing an additional 37,147 shares in the last quarter. Ergoteles LLC acquired a new stake in shares of Alset Capital Acquisition in the third quarter valued at approximately $371,000. Finally, CVI Holdings LLC acquired a new stake in shares of Alset Capital Acquisition in the second quarter valued at approximately $394,000. Institutional investors and hedge funds own 76.88% of the company's stock.

About Alset Capital Acquisition

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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