Alset Capital Acquisition Corp. (NASDAQ:ACAX – Get Free Report) was the target of a significant growth in short interest in August. As of August 15th, there was short interest totalling 101,400 shares, a growth of 838.9% from the July 31st total of 10,800 shares. Based on an average daily trading volume, of 19,400 shares, the days-to-cover ratio is presently 5.2 days. Approximately 6.5% of the shares of the stock are sold short.
Insider Buying and Selling
In related news, CEO Heng Fai Ambrose Chan acquired 32,519 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was purchased at an average cost of $6.53 per share, with a total value of $212,349.07. Following the acquisition, the chief executive officer now directly owns 506,269 shares of the company’s stock, valued at $3,305,936.57. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 57.10% of the stock is currently owned by company insiders.
Institutional Trading of Alset Capital Acquisition
Several large investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC acquired a new stake in Alset Capital Acquisition in the second quarter valued at about $101,000. Walleye Capital LLC acquired a new stake in Alset Capital Acquisition in the second quarter valued at about $174,000. Sea Otter Advisors LLC acquired a new stake in Alset Capital Acquisition in the first quarter valued at about $257,000. RPO LLC acquired a new stake in Alset Capital Acquisition in the fourth quarter valued at about $296,000. Finally, Spartan Fund Management Inc. boosted its stake in Alset Capital Acquisition by 31,208.8% in the first quarter. Spartan Fund Management Inc. now owns 31,935 shares of the company’s stock valued at $327,000 after buying an additional 31,833 shares in the last quarter. 94.16% of the stock is owned by institutional investors and hedge funds.
Alset Capital Acquisition Stock Performance
About Alset Capital Acquisition
Alset Capital Acquisition Corp. does not have any significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Alset Capital Acquisition Corp. was incorporated in 2021 and is based in Bethesda, Maryland.
Read More
- Five stocks we like better than Alset Capital Acquisition
- What Is Dividend Yield and How Do You Calculate It?
- One of these 5 Pet Care Stocks Can Be the Next Short Squeeze
- How to Capture the Benefits of Dividend Increases
- 3 High Short Interest Stocks that Investors are Getting Wrong
- Consumer Staples Stocks, Explained
- Retail Theft Rises: Two Ways For Investors To Beat Shrinkage
Receive News & Ratings for Alset Capital Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alset Capital Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
