Infrastructure News

AxonPrime Infrastructure Acquisition Co. (NASDAQ:APMI) Sees Large Growth in Short Interest

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AxonPrime Infrastructure Acquisition Co. (NASDAQ:APMI – Get Rating) was the target of a significant growth in short interest in the month of December. As of December 30th, there was short interest totalling 13,600 shares, a growth of 21.4% from the December 15th total of 11,200 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 38,000 shares, the days-to-cover ratio is presently 0.4 days.

AxonPrime Infrastructure Acquisition Trading Down 0.2 %

Shares of APMI opened at $9.98 on Friday. The firm has a 50-day moving average price of $9.88 and a 200 day moving average price of $9.78. AxonPrime Infrastructure Acquisition has a 52-week low of $9.59 and a 52-week high of $10.78.

Institutional Trading of AxonPrime Infrastructure Acquisition

A number of institutional investors have recently made changes to their positions in APMI. Robinson Capital Management LLC bought a new stake in AxonPrime Infrastructure Acquisition during the third quarter worth approximately $117,000. Centiva Capital LP acquired a new position in AxonPrime Infrastructure Acquisition during the second quarter worth about $142,000. Parallax Volatility Advisers L.P. bought a new stake in AxonPrime Infrastructure Acquisition in the second quarter worth about $193,000. Basso Capital Management L.P. acquired a new position in shares of AxonPrime Infrastructure Acquisition in the 1st quarter worth approximately $445,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of AxonPrime Infrastructure Acquisition in the 2nd quarter worth approximately $649,000. 49.45% of the stock is owned by institutional investors and hedge funds.

AxonPrime Infrastructure Acquisition Company Profile

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AxonPrime Infrastructure Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in New York, New York.

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