Championsgate Acquisition Corp (NASDAQ:CHPG) Stock Short Interest Climbs 123.5%

Championsgate Acquisition Corp (NASDAQ:CHPG) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 8,166 shares, a growth of 123.5% from the September 30th total of 3,653 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 2,692 shares, the days-to-cover ratio is currently 3.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Championsgate Acquisition in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Championsgate Acquisition presently has a consensus rating of “Sell”.

Institutional Trading of Championsgate Acquisition

An institutional investor recently bought a new position in Championsgate Acquisition stock. Sona Asset Management US LLC acquired a new stake in Championsgate Acquisition Corp (NASDAQ:CHPG) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 362,528 shares of the company’s stock, valued at approximately $3,716,000. Sona Asset Management US LLC owned approximately 4.17% of Championsgate Acquisition at the end of the most recent reporting period.

Championsgate Acquisition Trading Down 0.0%

NASDAQ:CHPG traded down $0.01 during mid-day trading on Friday, reaching $10.54. The stock had a trading volume of 3,326 shares, compared to its average volume of 2,363. Championsgate Acquisition has a fifty-two week low of $10.13 and a fifty-two week high of $10.54. The business’s 50 day moving average is $10.48 and its 200 day moving average is $10.38.

About Championsgate Acquisition

ChampionsGate Acquisition Corporation (NASDAQ: CHPG) is a special purpose acquisition company, or SPAC. Rather than operating a conventional business, the company was established to identify and complete a merger, share exchange, asset acquisition, reorganization, or similar business combination with one or more private companies.

Before completing a business combination, ChampionsGate Acquisition’s activities are primarily focused on evaluating potential target companies, conducting due diligence, and negotiating transaction terms.