Alpha Capital Acquisition (NASDAQ:ASPC) Sees Large Drop in Short Interest

Alpha Capital Acquisition (NASDAQ:ASPC) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 9,048 shares, a decrease of 54.3% from the August 31st total of 19,810 shares. Based on an average trading volume of 16,396 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Alpha Capital Acquisition from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Alpha Capital Acquisition Stock Up 0.2%

NASDAQ ASPC traded up $0.02 during midday trading on Tuesday, hitting $10.89. 4,166 shares of the company traded hands, compared to its average volume of 36,458. The company’s 50-day simple moving average is $10.83 and its 200-day simple moving average is $10.97. Alpha Capital Acquisition has a 52 week low of $10.30 and a 52 week high of $63.98.

Alpha Capital Acquisition (NASDAQ:ASPC) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.08 EPS for the quarter. As a group, analysts expect that Alpha Capital Acquisition will post -0.27 EPS for the current fiscal year.

Alpha Capital Acquisition Company Profile

Alpha Capital Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Unlike a traditional operating business, the company was established primarily to raise capital through an initial public offering and use those proceeds, together with other financing, to acquire or merge with a target company.

The company has not operated as a provider of products or services in a specific industry.