Short Interest in ACP Holdings Acquisition Corp. (NASDAQ:ACGCU) Expands By 281.3%

ACP Holdings Acquisition Corp. (NASDAQ:ACGCU) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 4,293 shares, an increase of 281.3% from the April 15th total of 1,126 shares. Based on an average trading volume of 168,224 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Wall Street Zen raised ACP Holdings Acquisition to a “hold” rating in a report on Saturday, April 11th.

ACP Holdings Acquisition Price Performance

Shares of ACP Holdings Acquisition stock remained flat at $10.00 during trading on Friday. 100,196 shares of the company traded hands, compared to its average volume of 141,144. ACP Holdings Acquisition has a 12-month low of $9.94 and a 12-month high of $10.02.

ACP Holdings Acquisition Company Profile

ACP Holdings Acquisition (NASDAQ: ACGCU) is a publicly traded special purpose acquisition company (SPAC), commonly referred to as a blank check company. Like other SPACs, its primary business purpose is to raise capital through a public offering and use those funds to identify, negotiate and complete a business combination with one or more operating companies. The company exists to provide a vehicle for private companies to achieve a public listing through a merger or acquisition.

As a SPAC, ACP Holdings Acquisition’s activities center on deal sourcing, due diligence and structuring transactional agreements rather than operating commercial products or services directly.