Accelerate Acquisition Corp. (NYSE:AAQC – Get Rating) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 858,600 shares, a growth of 28.1% from the July 31st total of 670,000 shares. Approximately 2.2% of the company's stock are sold short. Based on an average trading volume of 43,300 shares, the short-interest ratio is presently 19.8 days.
Accelerate Acquisition Stock Down 0.1 %
Shares of Accelerate Acquisition stock traded down $0.01 during trading on Tuesday, reaching $9.81. 10,740 shares of the company traded hands, compared to its average volume of 62,817. Accelerate Acquisition has a 1-year low of $9.62 and a 1-year high of $9.92. The company has a 50 day moving average price of $9.80 and a 200-day moving average price of $9.76.
Get Accelerate Acquisition alerts:Institutional Trading of Accelerate Acquisition
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC grew its stake in shares of Accelerate Acquisition by 21.7% in the 1st quarter. Hsbc Holdings PLC now owns 898,670 shares of the company's stock worth $8,753,000 after acquiring an additional 160,289 shares in the last quarter. Saba Capital Management L.P. grew its stake in shares of Accelerate Acquisition by 21.6% in the 1st quarter. Saba Capital Management L.P. now owns 614,106 shares of the company's stock worth $5,994,000 after acquiring an additional 109,103 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Accelerate Acquisition by 97.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 308,654 shares of the company's stock worth $3,012,000 after acquiring an additional 151,954 shares in the last quarter. Wolverine Asset Management LLC grew its stake in shares of Accelerate Acquisition by 52.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 263,700 shares of the company's stock worth $2,573,000 after acquiring an additional 90,663 shares in the last quarter. Finally, Basso Capital Management L.P. bought a new stake in shares of Accelerate Acquisition in the 1st quarter worth $1,623,000. Institutional investors own 63.04% of the company's stock.
Accelerate Acquisition Company Profile
(Get Rating)Accelerate Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in industrial, transportation and mobility, consumer, and retail sectors.
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