Space Asset Acquisition Corp. (NASDAQ:SAAQ) Sees Significant Increase in Short Interest

Space Asset Acquisition Corp. (NASDAQ:SAAQ) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 4,989 shares, an increase of 127.4% from the July 30th total of 2,194 shares. Based on an average daily volume of 9,550 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

Space Asset Acquisition Price Performance

NASDAQ:SAAQ traded up $0.04 on Friday, hitting $10.14. The stock had a trading volume of 4,670 shares, compared to its average volume of 54,454. The stock has a fifty day moving average price of $10.17. Space Asset Acquisition has a 1-year low of $9.88 and a 1-year high of $11.10.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on Space Asset Acquisition in a research note on Monday, June 15th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Space Asset Acquisition

An institutional investor recently bought a new stake in Space Asset Acquisition stock. Corient Private Wealth LP bought a new position in shares of Space Asset Acquisition Corp. (NASDAQ:SAAQ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $108,000.

Space Asset Acquisition Company Profile

Space Asset Acquisition Corp is a blank check company.