Alpha Star Acquisition Co. (NASDAQ:ALSA) Short Interest Update

Alpha Star Acquisition Co. (NASDAQ:ALSA) was the recipient of a large decline in short interest in August. As of August 15th, there was short interest totalling 600 shares, a decline of 25.0% from the July 31st total of 800 shares. Based on an average trading volume of 6,200 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Clear Street LLC acquired a new position in Alpha Star Acquisition during the 2nd quarter worth approximately $52,000. Spartan Fund Management Inc. acquired a new stake in Alpha Star Acquisition during the 4th quarter worth approximately $144,000. Cowen AND Company LLC bought a new stake in Alpha Star Acquisition during the 4th quarter worth approximately $228,000. Glazer Capital LLC lifted its holdings in shares of Alpha Star Acquisition by 1.7% during the fourth quarter. Glazer Capital LLC now owns 214,305 shares of the company’s stock worth $2,398,000 after purchasing an additional 3,500 shares during the period. Finally, Mizuho Securities USA LLC grew its stake in shares of Alpha Star Acquisition by 30.9% in the first quarter. Mizuho Securities USA LLC now owns 261,849 shares of the company’s stock worth $2,933,000 after purchasing an additional 61,849 shares during the last quarter. Institutional investors own 65.12% of the company’s stock.

Alpha Star Acquisition Price Performance

ALSA opened at $12.38 on Friday. Alpha Star Acquisition has a 52-week low of $10.45 and a 52-week high of $13.34. The business’s fifty day moving average is $11.79 and its 200-day moving average is $11.51.

Alpha Star Acquisition Company Profile

Alpha Star Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in clean energy, internet and high technology, financial technology, health care, consumer and retail, energy and resources, manufacturing, and education sectors in Asia.