APx Acquisition Corp. I (NASDAQ:APXI) Sees Large Drop in Short Interest

APx Acquisition Corp. I (NASDAQ:APXI) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 100 shares, a drop of 75.0% from the October 31st total of 400 shares. Based on an average trading volume of 6,300 shares, the short-interest ratio is presently 0.0 days.

APx Acquisition Corp. I Stock Performance

APXI remained flat at $11.89 during trading on Wednesday. The company’s stock had a trading volume of 146 shares, compared to its average volume of 4,982. APx Acquisition Corp. I has a 12-month low of $11.09 and a 12-month high of $12.89. The business’s fifty day simple moving average is $11.77 and its two-hundred day simple moving average is $11.66.

Institutional Investors Weigh In On APx Acquisition Corp. I

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Clear Street LLC acquired a new position in shares of APx Acquisition Corp. I during the second quarter worth approximately $78,000. Spartan Fund Management Inc. boosted its holdings in APx Acquisition Corp. I by 90.8% during the 2nd quarter. Spartan Fund Management Inc. now owns 38,442 shares of the company’s stock worth $446,000 after acquiring an additional 18,290 shares during the last quarter. Mizuho Securities USA LLC grew its stake in shares of APx Acquisition Corp. I by 14.2% in the 3rd quarter. Mizuho Securities USA LLC now owns 792,581 shares of the company’s stock worth $9,226,000 after acquiring an additional 98,581 shares in the last quarter. Berkley W R Corp raised its holdings in shares of APx Acquisition Corp. I by 45.7% in the second quarter. Berkley W R Corp now owns 575,378 shares of the company’s stock valued at $6,680,000 after purchasing an additional 180,499 shares during the last quarter. Finally, Logan Stone Capital LLC bought a new position in shares of APx Acquisition Corp. I during the 2nd quarter worth approximately $2,925,000. 51.82% of the stock is owned by institutional investors.

About APx Acquisition Corp. I

APx Acquisition Corp. I. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. APx Acquisition Corp. I. was incorporated in 2021 and is based in Mexico City, Mexico.