Launch One Acquisition Corp. (NASDAQ:LPAA) Short Interest Up 57.2% in February

Launch One Acquisition Corp. (NASDAQ:LPAA) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 1,805 shares, an increase of 57.2% from the February 12th total of 1,148 shares. Based on an average trading volume of 1,726 shares, the short-interest ratio is currently 1.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,726 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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, Based on data from MarketBeat, Launch One Acquisition has an average rating of “Sell”.

Launch One Acquisition Trading Down 0.0%

Shares of NASDAQ:LPAA traded down $0.01 during trading on Friday, reaching $10.71. 112 shares of the stock traded hands, compared to its average volume of 1,818. The stock has a 50-day moving average of $10.66 and a two-hundred day moving average of $10.57. Launch One Acquisition has a 52-week low of $10.17 and a 52-week high of $10.74.

Institutional Trading of Launch One Acquisition

Several institutional investors have recently added to or reduced their stakes in the business. Longfellow Investment Management Co. LLC purchased a new position in shares of Launch One Acquisition in the third quarter worth $81,000. Clear Street Group Inc. purchased a new stake in shares of Launch One Acquisition during the third quarter valued at $114,000. Clear Street LLC purchased a new stake in shares of Launch One Acquisition during the second quarter valued at $116,000. Radcliffe Capital Management L.P. bought a new stake in Launch One Acquisition in the 3rd quarter worth about $587,000. Finally, Crossingbridge Advisors LLC bought a new stake in Launch One Acquisition in the 4th quarter worth about $878,000.

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.