Championsgate Acquisition Corp (NASDAQ:CHPG) Shares Shorted: Short Interest Up 123.5% in October

Championsgate Acquisition Corp (NASDAQ:CHPG) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 8,166 shares, an increase of 123.5% from the September 30th total of 3,653 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 2,692 shares, the short-interest ratio is presently 3.0 days.

Championsgate Acquisition Trading Down 0.0%

Shares of CHPG stock traded down $0.01 on Friday, reaching $10.54. The company’s stock had a trading volume of 3,326 shares, compared to its average volume of 2,277. The stock’s fifty day simple moving average is $10.48 and its 200-day simple moving average is $10.38. Championsgate Acquisition has a 1 year low of $10.13 and a 1 year high of $10.54.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Championsgate Acquisition in a report on Monday, September 28th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Championsgate Acquisition stock. Sona Asset Management US LLC purchased a new position in Championsgate Acquisition Corp (NASDAQ:CHPG) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 362,528 shares of the company’s stock, valued at approximately $3,716,000. Sona Asset Management US LLC owned approximately 4.17% of Championsgate Acquisition at the end of the most recent quarter.

Championsgate Acquisition Company Profile

ChampionsGate Acquisition Corporation (NASDAQ: CHPG) is a special purpose acquisition company, or SPAC. Rather than operating a conventional business, the company was established to identify and complete a merger, share exchange, asset acquisition, reorganization, or similar business combination with one or more private companies.

Before completing a business combination, ChampionsGate Acquisition’s activities are primarily focused on evaluating potential target companies, conducting due diligence, and negotiating transaction terms.