Short Interest in Space Asset Acquisition Corp. (NASDAQ:SAAQ) Grows By 127.4%

Space Asset Acquisition Corp. (NASDAQ:SAAQ) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 4,989 shares, a growth of 127.4% from the July 30th total of 2,194 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 9,550 shares, the days-to-cover ratio is currently 0.5 days.

Space Asset Acquisition Stock Up 0.4%

Shares of NASDAQ:SAAQ traded up $0.04 during trading on Friday, hitting $10.14. The stock had a trading volume of 4,670 shares, compared to its average volume of 54,454. Space Asset Acquisition has a 12-month low of $9.88 and a 12-month high of $11.10. The business’s 50-day moving average price is $10.17.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on Space Asset Acquisition in a research note on Monday, June 15th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Trading of Space Asset Acquisition

A hedge fund recently bought a new stake in Space Asset Acquisition stock. Corient Private Wealth LP acquired a new position in Space Asset Acquisition Corp. (NASDAQ:SAAQ) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $108,000.

Space Asset Acquisition Company Profile

Space Asset Acquisition Corp is a blank check company.