Apex Technology Acquisition Co. (NASDAQ:APXT) Short Interest Update

Key Points

• Short interest in APXT plunged sharply in July, falling 96.1% to 1,109 shares from 28,321 shares at the end of June. That leaves essentially no shares currently sold short, with a short-interest ratio of 0.0 days.
• The stock was unchanged at $10.13 in Friday trading, near its 52-week range of $9.87 to $10.19. Trading volume was well below average, with 12,959 shares changing hands versus an average of 155,396.
• Analyst sentiment remains weak, with the stock carrying a consensus rating of “Sell.” The company is a SPAC with no significant operations, and it aims to complete a merger or similar business combination in software and internet technology.

Apex Technology Acquisition Co. (NASDAQ:APXT - Get Free Report) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,109 shares, a drop of 96.1% from the June 30th total of 28,321 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 51,024 shares, the short-interest ratio is presently 0.0 days.

Apex Technology Acquisition Stock Performance

Apex Technology Acquisition stock remained flat at $10.13 during midday trading on Friday. 12,959 shares of the company were exchanged, compared to its average volume of 155,396. Apex Technology Acquisition has a 1 year low of $9.87 and a 1 year high of $10.19. The business has a 50-day moving average of $10.06 and a two-hundred day moving average of $9.99.

Apex Technology Acquisition (NASDAQ:APXT - Get Free Report) last posted its quarterly earnings data on Thursday, March 26th. The company reported $0.09 EPS for the quarter.

Analysts Set New Price Targets

APXT has been the topic of a number of recent analyst reports. Weiss Ratings began coverage on Apex Technology Acquisition in a research report on Tuesday, May 26th. They set a "sell (e+)" rating on the stock. Wall Street Zen raised shares of Apex Technology Acquisition to a "hold" rating in a report on Saturday, June 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Sell".

Institutional Investors Weigh In On Apex Technology Acquisition

A number of hedge funds have recently modified their holdings of APXT. ABC Arbitrage SA acquired a new position in shares of Apex Technology Acquisition in the 1st quarter worth approximately $199,000. Bulldog Investors LLP purchased a new stake in Apex Technology Acquisition in the fourth quarter valued at approximately $425,000. Gritstone Asset Management LLC purchased a new stake in Apex Technology Acquisition in the fourth quarter valued at approximately $494,000. Schonfeld Strategic Advisors LLC acquired a new position in Apex Technology Acquisition during the fourth quarter worth $494,000. Finally, Sculptor Capital LP acquired a new position in Apex Technology Acquisition during the fourth quarter worth $522,000. Hedge funds and other institutional investors own 6.01% of the company's stock.

Apex Technology Acquisition Company Profile

Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.

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