Lafayette Acquisition Corp. (NASDAQ:LAFA) Stock Short Interest Report for October

Lafayette Acquisition Corp. (NASDAQ:LAFA) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 370 shares, a growth of 487.3% from the October 15th total of 63 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 794 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Lafayette Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sona Asset Management US LLC purchased a new stake in shares of Lafayette Acquisition during the first quarter worth $3,490,000. First Trust Capital Management L.P. purchased a new position in shares of Lafayette Acquisition in the third quarter worth about $3,057,000. Rivernorth Capital Management LLC purchased a new position in shares of Lafayette Acquisition in the first quarter worth about $2,991,000. Finally, Condor Capital Management purchased a new position in shares of Lafayette Acquisition in the third quarter worth about $136,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lafayette Acquisition in a research report on Tuesday. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Lafayette Acquisition Stock Performance

Shares of NASDAQ:LAFA traded up $0.06 during trading on Wednesday, reaching $10.27. The stock had a trading volume of 53,980 shares, compared to its average volume of 8,772. The business has a fifty day moving average price of $10.20 and a 200-day moving average price of $10.09. Lafayette Acquisition has a 1-year low of $9.87 and a 1-year high of $10.24.

Lafayette Acquisition (NASDAQ:LAFA) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.06 EPS for the quarter.

About Lafayette Acquisition

Lafayette Acquisition Corp. (NASDAQ: LAFA) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination, such as a merger, capital stock exchange, asset acquisition, or similar transaction, with one or more operating businesses. As a blank-check company, Lafayette Acquisition does not have a standalone portfolio of products or services and generally does not conduct significant commercial operations before completing a business combination.