Short Interest in Apex Technology Acquisition Co. (NASDAQ:APXT) Rises By 2,833.4%

Apex Technology Acquisition Co. (NASDAQ:APXT) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 73,365 shares, a growth of 2,833.4% from the July 30th total of 2,501 shares. Based on an average daily trading volume, of 103,617 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Apex Technology Acquisition

Several institutional investors have recently modified their holdings of APXT. ABC Arbitrage SA acquired a new position in shares of Apex Technology Acquisition during the first quarter worth $199,000. Bulldog Investors LLP acquired a new stake in Apex Technology Acquisition in the fourth quarter valued at $425,000. Schonfeld Strategic Advisors LLC purchased a new stake in Apex Technology Acquisition during the 4th quarter worth about $494,000. Sculptor Capital LP purchased a new stake in Apex Technology Acquisition during the 4th quarter worth about $522,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of Apex Technology Acquisition during the 4th quarter worth about $865,000. 6.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Apex Technology Acquisition in a research report on Friday. Wall Street Zen upgraded Apex Technology Acquisition to a “hold” rating in a report on Saturday, June 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Apex Technology Acquisition presently has a consensus rating of “Sell”.

Apex Technology Acquisition Stock Up 0.1%

Shares of APXT stock traded up $0.01 during trading hours on Tuesday, reaching $10.11. 896,244 shares of the stock were exchanged, compared to its average volume of 168,542. The business’s fifty day moving average is $10.09 and its two-hundred day moving average is $10.02. Apex Technology Acquisition has a 12-month low of $9.87 and a 12-month high of $10.19.

Apex Technology Acquisition (NASDAQ:APXT) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.03 earnings per share (EPS) for the quarter.

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.