Launch One Acquisition Corp. (NASDAQ:LPAA) Short Interest Down 83.3% in December

Launch One Acquisition Corp. (NASDAQ:LPAA) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 516 shares, a drop of 83.3% from the December 15th total of 3,095 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 44,784 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 44,784 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Trading of Launch One Acquisition

Large investors have recently bought and sold shares of the company. Magnetar Financial LLC purchased a new position in shares of Launch One Acquisition in the second quarter valued at $20,308,000. Meteora Capital LLC increased its holdings in Launch One Acquisition by 793.5% during the 2nd quarter. Meteora Capital LLC now owns 1,000,243 shares of the company’s stock valued at $10,418,000 after acquiring an additional 888,298 shares in the last quarter. Alberta Investment Management Corp purchased a new position in Launch One Acquisition during the 2nd quarter valued at about $7,811,000. Wealthspring Capital LLC raised its position in Launch One Acquisition by 552.5% during the second quarter. Wealthspring Capital LLC now owns 724,490 shares of the company’s stock worth $7,546,000 after acquiring an additional 613,460 shares during the last quarter. Finally, Berkley W R Corp lifted its holdings in shares of Launch One Acquisition by 188.6% in the third quarter. Berkley W R Corp now owns 912,609 shares of the company’s stock valued at $9,582,000 after purchasing an additional 596,408 shares in the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Launch One Acquisition in a report on Friday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Launch One Acquisition currently has an average rating of “Sell”.

Launch One Acquisition Stock Performance

Shares of LPAA stock traded up $0.01 during trading hours on Wednesday, reaching $10.63. 14,535 shares of the company’s stock were exchanged, compared to its average volume of 53,126. The company’s 50 day moving average is $10.57 and its two-hundred day moving average is $10.50. Launch One Acquisition has a 1 year low of $10.06 and a 1 year high of $10.70.

Launch One Acquisition (NASDAQ:LPAA) last issued its earnings results on Thursday, November 13th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $2.53 million for the quarter.

Launch One Acquisition Company Profile

Launch One Acquisition Corp is a blank check company incorporated in Delaware. Its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Shares and warrants of the company trade on the Nasdaq Global Market under the ticker symbols “LPAA” and “LPAAW.”

The company completed its initial public offering in 2021, raising gross proceeds through the sale of units, each consisting of one share of common stock and one quarter of a warrant.