Alpex Acquisition Corporation (NASDAQ:ALPX) Stock Short Interest Declines 99.1%

Alpex Acquisition Corporation (NASDAQ:ALPX) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 733 shares, a decline of 99.1% from the October 15th total of 80,484 shares. Based on an average trading volume of 23,070 shares, the short-interest ratio is currently 0.0 days.

Alpex Acquisition Price Performance

Alpex Acquisition stock traded up $0.05 during mid-day trading on Tuesday, reaching $10.01. The stock had a trading volume of 115 shares, compared to its average volume of 91,147. The company’s 50-day moving average price is $9.97. Alpex Acquisition has a one year low of $9.81 and a one year high of $10.01.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ALPX. Weiss Ratings began coverage on shares of Alpex Acquisition in a report on Tuesday, September 29th. They issued a “sell (e)” rating on the stock. Wall Street Zen upgraded Alpex Acquisition to a “hold” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.

Alpex Acquisition Company Profile

Alpex Acquisition Corp. is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, or similar business combination. It does not operate a conventional business or offer products and services to customers. The company has described its intended focus as businesses in the technology, media and telecommunications sectors, with an emphasis on opportunities in Asia. Its activities center on identifying and evaluating a potential acquisition target.