Lafayette Acquisition Corp. (NASDAQ:LAFAR) Shares Shorted: Short Interest Up 59.4% in September

Lafayette Acquisition Corp. (NASDAQ:LAFAR) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,414 shares, a growth of 59.4% from the September 15th total of 1,514 shares. Based on an average daily volume of 1,096 shares, the short-interest ratio is currently 2.2 days.

Lafayette Acquisition Stock Performance

NASDAQ LAFAR remained flat at $0.07 during mid-day trading on Friday. Lafayette Acquisition has a 52 week low of $0.07 and a 52 week high of $0.30. The company’s fifty day simple moving average is $0.08 and its two-hundred day simple moving average is $0.10.

Hedge Funds Weigh In On Lafayette Acquisition

An institutional investor recently bought a new stake in Lafayette Acquisition stock. Rivernorth Capital Management LLC purchased a new position in shares of Lafayette Acquisition Corp. (NASDAQ:LAFAR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 300,000 shares of the company’s stock, valued at approximately $36,000.

Lafayette Acquisition Company Profile

Lafayette Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. The transaction may take the form of a merger, acquisition, stock purchase, or similar arrangement.

As a blank-check company, Lafayette Acquisition Corp. does not operate a commercial business or offer products and services to customers. Its activities are focused primarily on evaluating potential acquisition targets and pursuing an initial business combination.

Publicly available information about the company’s target industry, geographic focus, operating history, and leadership is limited.