Launch One Acquisition Corp. (NASDAQ:LPAA) Short Interest Up 179.1% in January

Launch One Acquisition Corp. (NASDAQ:LPAA) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 1,440 shares, a growth of 179.1% from the December 31st total of 516 shares. Based on an average daily volume of 54,887 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 54,887 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Launch One Acquisition in a research report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Launch One Acquisition

Several institutional investors and hedge funds have recently modified their holdings of LPAA. Longfellow Investment Management Co. LLC acquired a new position in Launch One Acquisition in the 3rd quarter valued at $81,000. Clear Street Group Inc. acquired a new position in shares of Launch One Acquisition in the third quarter valued at about $114,000. Clear Street LLC acquired a new position in shares of Launch One Acquisition in the second quarter valued at about $116,000. Radcliffe Capital Management L.P. bought a new position in Launch One Acquisition during the third quarter worth about $587,000. Finally, Quarry LP raised its stake in 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 purchasing an additional 100,000 shares in the last quarter.

Launch One Acquisition Stock Down 0.1%

Shares of NASDAQ LPAA opened at $10.64 on Friday. The company has a fifty day moving average price of $10.59 and a 200 day moving average price of $10.52. Launch One Acquisition has a 1-year low of $10.09 and a 1-year high of $10.70.

Launch One Acquisition (NASDAQ:LPAA) last released its quarterly 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.

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.