Apex Technology Acquisition Co. (NASDAQ:APXT) Short Interest Up 2,948.5% in June

Apex Technology Acquisition Co. (NASDAQ:APXT) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 28,321 shares, an increase of 2,948.5% from the June 15th total of 929 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 204,981 shares, the short-interest ratio is presently 0.1 days.

Apex Technology Acquisition Stock Performance

Shares of APXT remained flat at $10.07 during trading hours on Friday. The stock had a trading volume of 758 shares, compared to its average volume of 111,621. The company’s 50-day moving average is $10.04 and its 200 day moving average is $9.98. Apex Technology Acquisition has a 1 year low of $9.87 and a 1 year high of $10.10.

Apex Technology Acquisition (NASDAQ:APXT) last announced its quarterly earnings data on Thursday, March 26th. The company reported $0.09 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on APXT shares. Wall Street Zen raised Apex Technology Acquisition to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings started coverage on shares of Apex Technology Acquisition in a research note on Tuesday, May 26th. They set a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Apex Technology Acquisition

Hedge funds have recently modified their holdings of the company. ABC Arbitrage SA purchased a new position in Apex Technology Acquisition during the 1st quarter valued at about $199,000. Bulldog Investors LLP purchased a new stake in Apex Technology Acquisition in the 4th quarter worth approximately $425,000. Gritstone Asset Management LLC bought a new stake in shares of Apex Technology Acquisition in the 4th quarter worth approximately $494,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Apex Technology Acquisition in the 4th quarter worth approximately $494,000. Finally, Sculptor Capital LP purchased a new position in shares of Apex Technology Acquisition during the fourth quarter valued at approximately $522,000. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Apex Technology Acquisition Company Profile

Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.