Alpha Star Acquisition Co. (NASDAQ:ALSA – Get Free Report) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 500 shares, a drop of 37.5% from the March 31st total of 800 shares. Based on an average daily trading volume, of 41,400 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the business. Glazer Capital LLC boosted its position in shares of Alpha Star Acquisition by 1.7% in the fourth quarter. Glazer Capital LLC now owns 214,305 shares of the company’s stock worth $2,398,000 after buying an additional 3,500 shares during the period. Warberg Asset Management LLC boosted its position in shares of Alpha Star Acquisition by 17.7% in the third quarter. Warberg Asset Management LLC now owns 24,828 shares of the company’s stock worth $272,000 after buying an additional 3,725 shares during the period. Spartan Fund Management Inc. purchased a new stake in shares of Alpha Star Acquisition in the fourth quarter worth about $144,000. Cowen AND Company LLC purchased a new stake in shares of Alpha Star Acquisition in the fourth quarter worth about $228,000. Finally, BCK Capital Management LP purchased a new stake in shares of Alpha Star Acquisition in the third quarter worth about $410,000. Hedge funds and other institutional investors own 65.12% of the company’s stock.
Alpha Star Acquisition Stock Performance
NASDAQ ALSA opened at $11.37 on Friday. Alpha Star Acquisition has a one year low of $10.52 and a one year high of $11.66. The company’s 50 day moving average price is $11.30 and its 200 day moving average price is $11.21.
About Alpha Star Acquisition
Alpha Star Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in clean energy, internet and high technology, financial technology, health care, consumer and retail, energy and resources, manufacturing, and education sectors in Asia.
Recommended Stories
- Five stocks we like better than Alpha Star Acquisition
- Investing in Travel Stocks Benefits
- Hasbro’s Management Made All the Right Calls This Quarter
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- What Are Dividend Achievers? An Introduction
- Power Surge: Utilities Sector’s Resilience Shines
Receive News & Ratings for Alpha Star Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpha Star Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.