Launch One Acquisition Corp. (NASDAQ:LPAA) Short Interest Update

Launch One Acquisition Corp. (NASDAQ:LPAA) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 855 shares, a drop of 37.6% from the June 15th total of 1,370 shares. Based on an average trading volume of 34,512 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Launch One Acquisition Stock Down 0.5%

Shares of NASDAQ LPAA traded down $0.05 during mid-day trading on Friday, reaching $10.85. 308 shares of the company’s stock traded hands, compared to its average volume of 37,259. The business has a 50-day simple moving average of $10.84 and a 200 day simple moving average of $10.74. Launch One Acquisition has a 1-year low of $10.39 and a 1-year high of $11.67.

Launch One Acquisition (NASDAQ:LPAA) last posted its earnings results on Thursday, May 14th. The company reported $0.06 EPS for the quarter. The business had revenue of $2.17 million for the quarter.

Institutional Trading of Launch One Acquisition

Several institutional investors and hedge funds have recently modified their holdings of the stock. Shaolin Capital Management LLC bought a new position in shares of Launch One Acquisition in the second quarter valued at approximately $3,645,000. TENOR CAPITAL MANAGEMENT Co. L.P. raised its position in Launch One Acquisition by 87.5% in the 2nd quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 750,000 shares of the company’s stock valued at $7,811,000 after buying an additional 350,000 shares during the last quarter. Quarry LP raised its position in Launch One Acquisition by 200.0% in the 3rd quarter. Quarry LP now owns 150,000 shares of the company’s stock valued at $1,575,000 after buying an additional 100,000 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in Launch One Acquisition by 45.4% during the 4th quarter. Wolverine Asset Management LLC now owns 1,016,497 shares of the company’s stock valued at $10,765,000 after acquiring an additional 317,318 shares in the last quarter. Finally, Crossingbridge Advisors LLC bought a new position in Launch One Acquisition during the 4th quarter valued at $878,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Launch One Acquisition in a research report on Monday, June 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.