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

APx Acquisition Corp. I (NASDAQ:APXI) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 100 shares, a decline of 75.0% from the August 15th total of 400 shares. Based on an average trading volume of 7,300 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On APx Acquisition Corp. I

Several large investors have recently added to or reduced their stakes in APXI. Clear Street LLC acquired a new position in shares of APx Acquisition Corp. I during the 2nd quarter valued at about $78,000. Cowen AND Company LLC purchased a new position in APx Acquisition Corp. I during the fourth quarter worth approximately $169,000. K2 Principal Fund L.P. acquired a new position in shares of APx Acquisition Corp. I in the 4th quarter valued at $253,000. Spartan Fund Management Inc. boosted its holdings in shares of APx Acquisition Corp. I by 90.8% in the 2nd quarter. Spartan Fund Management Inc. now owns 38,442 shares of the company’s stock valued at $446,000 after purchasing an additional 18,290 shares during the last quarter. Finally, Flow State Investments L.P. acquired a new stake in shares of APx Acquisition Corp. I during the 4th quarter worth $518,000. 51.82% of the stock is currently owned by hedge funds and other institutional investors.

APx Acquisition Corp. I Price Performance

Shares of APXI stock traded up $0.01 during mid-day trading on Thursday, hitting $11.64. 203 shares of the company’s stock were exchanged, compared to its average volume of 20,706. APx Acquisition Corp. I has a fifty-two week low of $10.90 and a fifty-two week high of $11.70. The stock has a 50-day simple moving average of $11.63 and a two-hundred day simple moving average of $11.53.

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.