Short Interest in Apex Technology Acquisition Co. (NASDAQ:APXT) Rises By 2,833.4%

Apex Technology Acquisition Co. (NASDAQ:APXT) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 73,365 shares, an increase of 2,833.4% from the July 30th total of 2,501 shares. Based on an average daily trading volume, of 103,617 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are short sold.

Apex Technology Acquisition Trading Up 0.1%

APXT stock traded up $0.01 during mid-day trading on Tuesday, hitting $10.11. 896,244 shares of the company were exchanged, compared to its average volume of 168,542. Apex Technology Acquisition has a 12-month low of $9.87 and a 12-month high of $10.19. The business has a fifty day simple moving average of $10.09 and a 200-day simple moving average of $10.02.

Apex Technology Acquisition (NASDAQ:APXT) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.03 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on APXT shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Apex Technology Acquisition in a research report on Friday. Wall Street Zen upgraded Apex Technology Acquisition to a “hold” rating in a research report on Saturday, June 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Harraden Circle Investments LLC purchased a new stake in shares of Apex Technology Acquisition in the 2nd quarter valued at $6,030,000. Rivernorth Capital Management LLC acquired a new position in Apex Technology Acquisition in the 1st quarter valued at about $2,500,000. Sona Asset Management US LLC purchased a new stake in Apex Technology Acquisition during the first quarter worth about $3,404,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Apex Technology Acquisition during the first quarter worth about $8,492,000. Finally, ABC Arbitrage SA purchased a new position in shares of Apex Technology Acquisition in the first quarter valued at approximately $199,000. 6.01% of the stock is currently owned by hedge funds and other institutional investors.

Apex Technology Acquisition Company Profile

Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.