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Alpha Partners Technology Merger Corp. (NASDAQ:APTM) Sees Significant Growth in Short Interest

kopsource ·  Oct 31, 2022 14:32

Alpha Partners Technology Merger Corp. (NASDAQ:APTM – Get Rating) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 12,600 shares, an increase of 11.5% from the September 30th total of 11,300 shares. Approximately 0.1% of the company's stock are sold short. Based on an average trading volume of 31,200 shares, the days-to-cover ratio is currently 0.4 days.

Alpha Partners Technology Merger Trading Up 0.2 %

Alpha Partners Technology Merger stock traded up $0.02 during midday trading on Monday, reaching $9.87. 200 shares of the company's stock were exchanged, compared to its average volume of 38,362. Alpha Partners Technology Merger has a 52 week low of $9.60 and a 52 week high of $10.30. The stock's 50-day simple moving average is $9.80 and its 200 day simple moving average is $9.74.

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Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in APTM. Calamos Advisors LLC bought a new stake in Alpha Partners Technology Merger during the third quarter valued at $7,365,000. Taconic Capital Advisors LP boosted its holdings in Alpha Partners Technology Merger by 33.3% in the 1st quarter. Taconic Capital Advisors LP now owns 1,000,000 shares of the company's stock worth $9,690,000 after buying an additional 250,000 shares during the period. Parallax Volatility Advisers L.P. bought a new position in Alpha Partners Technology Merger in the 2nd quarter valued at $1,496,000. Radcliffe Capital Management L.P. boosted its holdings in Alpha Partners Technology Merger by 733.4% in the 1st quarter. Radcliffe Capital Management L.P. now owns 130,944 shares of the company's stock valued at $1,269,000 after purchasing an additional 115,232 shares during the period. Finally, Bank of America Corp DE bought a new position in Alpha Partners Technology Merger in the 1st quarter valued at $1,087,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Alpha Partners Technology Merger Company Profile

(Get Rating)

Alpha Partners Technology Merger Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.

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