Launchpad Cadenza Acquisition Corp I (NASDAQ:LPCV – Get Free Report) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 320 shares, a decrease of 35.1% from the June 30th total of 493 shares. Based on an average daily trading volume, of 5,740 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.
Launchpad Cadenza Acquisition Corp I Stock Performance
Shares of LPCV stock opened at $9.99 on Friday. Launchpad Cadenza Acquisition Corp I has a 12-month low of $9.88 and a 12-month high of $10.04. The stock has a 50-day moving average price of $10.00.
Analysts Set New Price Targets
Separately, Weiss Ratings began coverage on Launchpad Cadenza Acquisition Corp I in a report on Monday, May 18th. They set a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Launchpad Cadenza Acquisition Corp I Company Profile
Launchpad Cadenza Acquisition Corp I is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
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