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

APx Acquisition Corp. I (NASDAQ:APXI) was the target of a large drop in short interest during 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 daily trading volume, of 6,300 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of APx Acquisition Corp. I

Several institutional investors have recently modified their holdings of APXI. Spartan Fund Management Inc. raised its position 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 purchasing an additional 18,290 shares during the last quarter. Clear Street LLC bought a new stake in APx Acquisition Corp. I in the second quarter valued at approximately $78,000. Berkley W R Corp increased its position in APx Acquisition Corp. I by 45.7% during the 2nd 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 period. Logan Stone Capital LLC bought a new position in APx Acquisition Corp. I during the 2nd quarter worth approximately $2,925,000. Finally, Mizuho Securities USA LLC lifted its position in shares of APx Acquisition Corp. I by 224.2% in the 3rd quarter. Mizuho Securities USA LLC now owns 2,250,000 shares of the company’s stock worth $26,258,000 after purchasing an additional 1,556,000 shares during the period. Institutional investors own 51.82% of the company’s stock.

APx Acquisition Corp. I Price Performance

APXI remained flat at $11.89 during trading on Wednesday. 146 shares of the company’s stock were exchanged, compared to its average volume of 4,982. APx Acquisition Corp. I has a 52-week low of $11.09 and a 52-week high of $12.89. The stock has a 50 day moving average price of $11.77 and a two-hundred day moving average price of $11.66.

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.