Apex Technology Acquisition Co. (NASDAQ:APXT) Sees Large Decrease in Short Interest

Apex Technology Acquisition Co. (NASDAQ:APXT) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 1,109 shares, a decrease of 96.1% from the June 30th total of 28,321 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 51,024 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Apex Technology Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APXT. Gritstone Asset Management LLC purchased a new stake in Apex Technology Acquisition during the 4th quarter valued at $494,000. Wolverine Asset Management LLC purchased a new position in shares of Apex Technology Acquisition in the fourth quarter worth $11,246,000. HighTower Advisors LLC purchased a new position in shares of Apex Technology Acquisition in the fourth quarter worth $11,272,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Apex Technology Acquisition during the fourth quarter valued at $3,956,000. Finally, Periscope Capital Inc. bought a new position in shares of Apex Technology Acquisition during the fourth quarter valued at $4,450,000. 6.01% of the stock is owned by institutional investors.

Apex Technology Acquisition Stock Performance

NASDAQ:APXT remained flat at $10.13 on Friday. 12,959 shares of the company’s stock were exchanged, compared to its average volume of 155,396. Apex Technology Acquisition has a 1-year low of $9.87 and a 1-year high of $10.19. The stock’s 50 day moving average is $10.06 and its two-hundred day moving average is $9.99.

Apex Technology Acquisition (NASDAQ:APXT) last issued its earnings results on Thursday, March 26th. The company reported $0.09 earnings per share (EPS) for the quarter.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings started coverage on Apex Technology Acquisition in a research note on Tuesday, May 26th. They set a “sell (e+)” rating for the company. Wall Street Zen raised Apex Technology Acquisition to a “hold” rating in a research note on Saturday, June 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Apex Technology Acquisition Company Profile

Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.