ACP Holdings Acquisition Corp. (NASDAQ:ACGC) Short Interest Update

ACP Holdings Acquisition Corp. (NASDAQ:ACGC) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 2,179 shares, an increase of 64.3% from the July 30th total of 1,326 shares. Based on an average daily trading volume, of 4,734 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

ACP Holdings Acquisition Price Performance

Shares of ACP Holdings Acquisition stock traded up $0.03 during trading on Tuesday, reaching $10.03. The company’s stock had a trading volume of 531 shares, compared to its average volume of 7,812. ACP Holdings Acquisition has a 1-year low of $9.90 and a 1-year high of $10.89. The company has a 50-day moving average price of $9.97.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of ACP Holdings Acquisition in a research report on Friday, August 21st. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

About ACP Holdings Acquisition

ACP Holdings Acquisition Corp. is a blank check company. It focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. ACP Holdings Acquisition Corp. is based in Houston, Texas.