CONX Corp. (NASDAQ:CONX – Get Rating) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 456,800 shares, an increase of 316.8% from the June 15th total of 109,600 shares. Based on an average trading volume of 237,700 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.6% of the shares of the stock are sold short.
Several hedge funds and other institutional investors have recently modified their holdings of the business. UBS Group AG lifted its holdings in shares of CONX by 80.6% during the first quarter. UBS Group AG now owns 6,522 shares of the company's stock valued at $64,000 after acquiring an additional 2,910 shares during the period. Nan Fung Trinity HK Ltd. lifted its holdings in shares of CONX by 10.0% during the first quarter. Nan Fung Trinity HK Ltd. now owns 110,600 shares of the company's stock valued at $1,089,000 after acquiring an additional 10,100 shares during the period. Clear Harbor Asset Management LLC bought a new position in shares of CONX during the fourth quarter valued at $104,000. Berkley W R Corp bought a new position in shares of CONX during the first quarter valued at $174,000. Finally, Glazer Capital LLC increased its stake in shares of CONX by 1.0% in the first quarter. Glazer Capital LLC now owns 2,347,174 shares of the company's stock valued at $23,120,000 after buying an additional 23,792 shares in the last quarter. 73.74% of the stock is owned by institutional investors.Get CONX alerts:
Shares of NASDAQ CONX traded up $0.02 during midday trading on Thursday, reaching $9.92. 719 shares of the company traded hands, compared to its average volume of 170,125. The stock's 50-day simple moving average is $9.88 and its 200-day simple moving average is $9.85. CONX has a 12 month low of $9.70 and a 12 month high of $9.92.About CONX (Get Rating)
CONX Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to focus its search on identifying a prospective target operating in the technology, media, and telecommunications industries, including wireless communications industry.
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