Launch One Acquisition Corp. (NASDAQ:LPAA) Sees Significant Decrease in Short Interest

Launch One Acquisition Corp. (NASDAQ:LPAA) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 990 shares, a drop of 42.1% from the April 15th total of 1,710 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 27,788 shares, the short-interest ratio is presently 0.0 days.

Launch One Acquisition Trading Up 0.2%

LPAA stock traded up $0.02 during trading on Friday, hitting $10.77. The company had a trading volume of 510 shares, compared to its average volume of 18,051. Launch One Acquisition has a 52-week low of $10.31 and a 52-week high of $10.79. The company has a 50 day simple moving average of $10.75 and a 200-day simple moving average of $10.65.

Launch One Acquisition (NASDAQ:LPAA) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.06 EPS for the quarter. The company had revenue of $2.17 million during the quarter.

Institutional Investors Weigh In On Launch One Acquisition

Several hedge funds have recently made changes to their positions in LPAA. Berkley W R Corp grew its position in shares of Launch One Acquisition by 4.5% during the 1st quarter. Berkley W R Corp now owns 1,487,125 shares of the company’s stock worth $15,927,000 after buying an additional 63,835 shares in the last quarter. Wolverine Asset Management LLC increased its position in Launch One Acquisition by 45.4% during the 4th quarter. Wolverine Asset Management LLC now owns 1,016,497 shares of the company’s stock valued at $10,765,000 after purchasing an additional 317,318 shares during the period. TENOR CAPITAL MANAGEMENT Co. L.P. raised its holdings in shares of Launch One Acquisition by 87.5% in the 2nd quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 750,000 shares of the company’s stock valued at $7,811,000 after purchasing an additional 350,000 shares in the last quarter. Shaolin Capital Management LLC lifted its position in shares of Launch One Acquisition by 14.3% in the 3rd quarter. Shaolin Capital Management LLC now owns 400,000 shares of the company’s stock worth $4,200,000 after purchasing an additional 50,000 shares during the period. Finally, Toronto Dominion Bank lifted its position in shares of Launch One Acquisition by 68.9% in the 4th quarter. Toronto Dominion Bank now owns 244,904 shares of the company’s stock worth $2,594,000 after purchasing an additional 99,904 shares during the period.

About Launch One Acquisition

Launch One Acquisition Corp is a blank check company incorporated in Delaware. Its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Shares and warrants of the company trade on the Nasdaq Global Market under the ticker symbols “LPAA” and “LPAAW.”

The company completed its initial public offering in 2021, raising gross proceeds through the sale of units, each consisting of one share of common stock and one quarter of a warrant.