Launch One Acquisition Corp. (NASDAQ:LPAA) Short Interest Up 317.1% in December

Launch One Acquisition Corp. (NASDAQ:LPAA) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 3,095 shares, an increase of 317.1% from the November 30th total of 742 shares. Based on an average daily trading volume, of 77,710 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 77,710 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Launch One Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of LPAA. Alberta Investment Management Corp acquired a new stake in shares of Launch One Acquisition during the second quarter valued at about $7,811,000. Wealthspring Capital LLC lifted its holdings in shares of 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 purchasing an additional 613,460 shares during the period. Meteora Capital LLC grew its stake in shares of Launch One Acquisition by 793.5% in the second quarter. Meteora Capital LLC now owns 1,000,243 shares of the company’s stock worth $10,418,000 after purchasing an additional 888,298 shares during the last quarter. Magnetar Financial LLC acquired a new position in Launch One Acquisition during the 2nd quarter worth about $20,308,000. Finally, Quarry LP bought a new stake in shares of Launch One Acquisition in the 1st quarter valued at about $1,532,000.

Launch One Acquisition Trading Up 0.2%

Shares of Launch One Acquisition stock opened at $10.61 on Thursday. The firm’s 50-day moving average price is $10.55 and its two-hundred day moving average price is $10.49. Launch One Acquisition has a 12-month low of $10.04 and a 12-month high of $10.70.

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

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Launch One Acquisition in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Launch One Acquisition presently has a consensus rating of “Sell”.

About Launch One Acquisition

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.