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

ACP Holdings Acquisition Corp. (NASDAQ:ACGC) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 2,179 shares, an increase of 64.3% from the July 30th total of 1,326 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,734 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on shares of ACP Holdings Acquisition in a report 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 MarketBeat, ACP Holdings Acquisition presently has an average rating of “Sell”.

ACP Holdings Acquisition Stock Performance

NASDAQ ACGC opened at $10.03 on Wednesday. The business’s 50-day moving average is $9.98. 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.