Short Interest in Launch One Acquisition Corp. (NASDAQ:LPAA) Declines By 42.1%

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

Launch One Acquisition Trading Up 0.1%

Shares of NASDAQ LPAA opened at $10.76 on Tuesday. Launch One Acquisition has a 1 year low of $10.31 and a 1 year high of $10.79. The company’s 50-day moving average is $10.75 and its 200 day moving average is $10.65.

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

Hedge Funds Weigh In On Launch One Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Berkley W R Corp increased its position in shares of Launch One Acquisition by 4.5% during the first quarter. Berkley W R Corp now owns 1,487,125 shares of the company’s stock valued at $15,927,000 after buying an additional 63,835 shares during the period. Toronto Dominion Bank boosted its stake in Launch One Acquisition by 68.9% during the fourth quarter. Toronto Dominion Bank now owns 244,904 shares of the company’s stock worth $2,594,000 after acquiring an additional 99,904 shares in the last quarter. Crossingbridge Advisors LLC bought a new stake in Launch One Acquisition during the fourth quarter worth about $878,000. Wolverine Asset Management LLC boosted its stake in Launch One Acquisition by 45.4% during the fourth quarter. Wolverine Asset Management LLC now owns 1,016,497 shares of the company’s stock worth $10,765,000 after acquiring an additional 317,318 shares in the last quarter. Finally, Quarry LP boosted its stake in Launch One Acquisition by 200.0% during the third quarter. Quarry LP now owns 150,000 shares of the company’s stock worth $1,575,000 after acquiring an additional 100,000 shares in the last quarter.

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.