Championsgate Acquisition Corp (NASDAQ:CHPGU) Short Interest Up 100.0% in June

Championsgate Acquisition Corp (NASDAQ:CHPGU) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 2 shares, a growth of 100.0% from the June 15th total of 1 shares. Based on an average trading volume of 2 shares, the short-interest ratio is currently 1.0 days.

Championsgate Acquisition Stock Performance

Shares of CHPGU stock remained flat at $10.48 during mid-day trading on Wednesday. Championsgate Acquisition has a fifty-two week low of $10.02 and a fifty-two week high of $12.10. The stock’s 50-day simple moving average is $10.49.

About Championsgate Acquisition

Championsgate Acquisition (NASDAQ:CHPGU) is a special purpose acquisition company (SPAC) formed to raise capital through a public offering of units for the purpose of identifying, acquiring, or merging with one or more businesses. As a blank‑check vehicle, the company’s primary business activity is to seek and complete a business combination that would result in its target company becoming a publicly traded entity through the SPAC structure.

The typical activities of a SPAC like Championsgate Acquisition include conducting an initial public offering of units, holding the proceeds in a trust account while pursuing potential acquisition targets, negotiating and structuring a business combination, and obtaining shareholder approval to complete a transaction.