StoneBridge Acquisition Corp (NASDAQ:APACU) Sees Large Decrease in Short Interest

StoneBridge Acquisition Corp (NASDAQ:APACU) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 135 shares, a decline of 34.8% from the April 15th total of 207 shares. Based on an average trading volume of 319 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On StoneBridge Acquisition

A number of hedge funds have recently made changes to their positions in APACU. AQR Arbitrage LLC bought a new position in StoneBridge Acquisition during the 3rd quarter worth $3,739,000. Shaolin Capital Management LLC acquired a new stake in StoneBridge Acquisition in the 3rd quarter valued at approximately $3,689,000. Highbridge Capital Management LLC bought a new position in shares of StoneBridge Acquisition in the third quarter valued at about $3,639,000. Meteora Capital LLC bought a new position in shares of StoneBridge Acquisition in the 3rd quarter valued at $3,295,000. Finally, Clear Street Group Inc. acquired a new stake in StoneBridge Acquisition during the 3rd quarter worth about $2,036,000.

StoneBridge Acquisition Stock Performance

Shares of NASDAQ:APACU remained flat at $10.40 during trading on Monday. 500 shares of the company were exchanged, compared to its average volume of 1,858. The company’s 50 day moving average price is $10.24 and its 200 day moving average price is $10.18. StoneBridge Acquisition has a 1 year low of $9.95 and a 1 year high of $10.56.