Space Asset Acquisition Corp. (NASDAQ:SAAQ) Short Interest Up 127.4% in August

Space Asset Acquisition Corp. (NASDAQ:SAAQ) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 4,989 shares, a growth of 127.4% from the July 30th total of 2,194 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 9,550 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on shares of Space Asset Acquisition in a report on Monday, June 15th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Space Asset Acquisition Stock Up 0.4%

Space Asset Acquisition stock traded up $0.04 during mid-day trading on Friday, hitting $10.14. The company had a trading volume of 4,670 shares, compared to its average volume of 54,454. Space Asset Acquisition has a 1 year low of $9.88 and a 1 year high of $11.10. The business has a fifty day moving average of $10.17.

Hedge Funds Weigh In On Space Asset Acquisition

An institutional investor recently bought a new position in Space Asset Acquisition stock. Corient Private Wealth LP purchased a new position in shares of Space Asset Acquisition Corp. (NASDAQ:SAAQ) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $108,000.

About Space Asset Acquisition

Space Asset Acquisition Corp is a blank check company.