Astrea Acquisition Corp. (NASDAQ:ASAX) Short Interest Down 28.9% in August

Astrea Acquisition Corp. (NASDAQ:ASAX) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 109,000 shares, a decline of 28.9% from the August 15th total of 153,400 shares. Based on an average daily trading volume, of 40,200 shares, the short-interest ratio is presently 2.7 days. Approximately 0.6% of the company’s stock are sold short.

A number of institutional investors have recently modified their holdings of the business. Millennium Management LLC purchased a new position in Astrea Acquisition in the second quarter worth about $369,000. ATW Spac Management LLC purchased a new position in Astrea Acquisition in the second quarter worth about $3,381,000. Boothbay Fund Management LLC purchased a new position in Astrea Acquisition in the second quarter worth about $3,381,000. CNH Partners LLC purchased a new position in Astrea Acquisition in the second quarter worth about $1,900,000. Finally, LMR Partners LLP purchased a new position in Astrea Acquisition in the second quarter worth about $2,415,000. 52.86% of the stock is owned by institutional investors and hedge funds.

Shares of Astrea Acquisition stock opened at $9.85 on Tuesday. Astrea Acquisition has a 52-week low of $9.55 and a 52-week high of $9.90. The business has a 50-day moving average price of $9.76.

Astrea Acquisition Company Profile

Astrea Acquisition Corp. does not have significant operations. It intends to enter a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. The company was founded 2020 and is based in Key Biscayne, Florida.

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