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Alpha Partners Technology Merger Corp. (NASDAQ:APTM) Short Interest Up 104.1% in December

Defense World ·  Jan 18, 2023 05:12

Alpha Partners Technology Merger Corp. (NASDAQ:APTM – Get Rating) saw a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 20,000 shares, an increase of 104.1% from the December 15th total of 9,800 shares. Based on an average daily volume of 52,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company's shares are sold short.

Alpha Partners Technology Merger Stock Performance

Shares of APTM opened at $10.10 on Wednesday. The company's fifty day moving average is $9.99 and its two-hundred day moving average is $9.85. Alpha Partners Technology Merger has a fifty-two week low of $9.60 and a fifty-two week high of $10.55.

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Hedge Funds Weigh In On Alpha Partners Technology Merger

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SNC acquired a new position in shares of Alpha Partners Technology Merger in the 3rd quarter valued at $10,129,000. Calamos Advisors LLC acquired a new position in shares of Alpha Partners Technology Merger during the 3rd quarter valued at $7,365,000. Karpus Management Inc. lifted its holdings in shares of Alpha Partners Technology Merger by 1.4% during the 3rd quarter. Karpus Management Inc. now owns 334,901 shares of the company's stock valued at $3,283,000 after acquiring an additional 4,500 shares in the last quarter. Saba Capital Management L.P. lifted its holdings in shares of Alpha Partners Technology Merger by 4.5% during the 1st quarter. Saba Capital Management L.P. now owns 213,548 shares of the company's stock valued at $2,069,000 after acquiring an additional 9,142 shares in the last quarter. Finally, Parallax Volatility Advisers L.P. acquired a new position in shares of Alpha Partners Technology Merger during the 2nd quarter valued at $1,496,000. Institutional investors and hedge funds own 51.70% of the company's stock.

Alpha Partners Technology Merger Company Profile

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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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