ACP Holdings Acquisition Corp. (NASDAQ:ACGC) Sees Significant Drop in Short Interest

ACP Holdings Acquisition Corp. (NASDAQ:ACGC) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 159 shares, a drop of 72.4% from the September 30th total of 577 shares. Based on an average daily trading volume, of 43,816 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on shares of ACP Holdings Acquisition in a research note on Friday, August 21st. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, ACP Holdings Acquisition has an average rating of “Sell”.

ACP Holdings Acquisition Trading Down 0.1%

ACP Holdings Acquisition stock traded down $0.01 during mid-day trading on Friday, hitting $10.05. The company’s stock had a trading volume of 2,249 shares, compared to its average volume of 93,702. The stock’s 50 day moving average is $10.05. ACP Holdings Acquisition has a 52-week low of $9.90 and a 52-week high of $10.89.

About ACP Holdings Acquisition

ACP Holdings Acquisition Corp. is a blank check company. It focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. ACP Holdings Acquisition Corp. is based in Houston, Texas.