Short Interest in Launch One Acquisition Corp. (NASDAQ:LPAA) Rises By 317.1%

Launch One Acquisition Corp. (NASDAQ:LPAA) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 3,095 shares, a growth of 317.1% from the November 30th total of 742 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 77,710 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 77,710 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Launch One Acquisition Price Performance

Shares of Launch One Acquisition stock opened at $10.59 on Friday. The company’s 50-day moving average price is $10.55 and its 200-day moving average price is $10.49. Launch One Acquisition has a 12-month low of $10.04 and a 12-month high of $10.70.

Launch One Acquisition (NASDAQ:LPAA) last posted its earnings results on Thursday, November 13th. The company reported $0.07 earnings per share for the quarter. The firm had revenue of $2.53 million for the quarter.

Institutional Investors Weigh In On Launch One Acquisition

Several large investors have recently added to or reduced their stakes in LPAA. Longfellow Investment Management Co. LLC purchased a new stake in shares of Launch One Acquisition in the 3rd quarter valued at about $81,000. Clear Street Group Inc. purchased a new stake in Launch One Acquisition in the third quarter valued at approximately $114,000. Clear Street LLC bought a new stake in Launch One Acquisition during the second quarter valued at approximately $116,000. Radcliffe Capital Management L.P. bought a new position in shares of Launch One Acquisition in the 3rd quarter worth $587,000. Finally, Quarry LP increased its holdings in shares of Launch One Acquisition by 200.0% in the 3rd quarter. Quarry LP now owns 150,000 shares of the company’s stock worth $1,575,000 after buying an additional 100,000 shares during the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Launch One Acquisition in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Launch One Acquisition Company Profile

Launch One Acquisition Corp is a blank check company incorporated in Delaware. Its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Shares and warrants of the company trade on the Nasdaq Global Market under the ticker symbols “LPAA” and “LPAAW.”

The company completed its initial public offering in 2021, raising gross proceeds through the sale of units, each consisting of one share of common stock and one quarter of a warrant.