CONX Corp. (NASDAQ:CONXW) Sees Significant Increase in Short Interest

CONX Corp. (NASDAQ:CONXW) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 7,400 shares, a growth of 60.9% from the March 31st total of 4,600 shares. Based on an average daily volume of 40,900 shares, the short-interest ratio is currently 0.2 days.

CONX Price Performance

Shares of CONXW stock opened at $0.26 on Monday. The firm has a fifty day moving average of $0.19 and a 200-day moving average of $0.22. CONX has a 12-month low of $0.05 and a 12-month high of $0.41.

About CONX

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.