APx Acquisition Corp. I (NASDAQ:APXI) Sees Large Growth in Short Interest

APx Acquisition Corp. I (NASDAQ:APXI) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 200 shares, a growth of 100.0% from the November 15th total of 100 shares. Based on an average trading volume of 4,500 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of APx Acquisition Corp. I

Several hedge funds have recently added to or reduced their stakes in APXI. Mizuho Securities USA LLC lifted its holdings in APx Acquisition Corp. I by 224.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 2,250,000 shares of the company’s stock worth $26,258,000 after purchasing an additional 1,556,000 shares during the last quarter. Logan Stone Capital LLC acquired a new position in APx Acquisition Corp. I in the 2nd quarter valued at $2,925,000. Berkley W R Corp raised its holdings in APx Acquisition Corp. I by 45.7% in the 2nd quarter. Berkley W R Corp now owns 575,378 shares of the company’s stock valued at $6,680,000 after acquiring an additional 180,499 shares in the last quarter. Spartan Fund Management Inc. raised its holdings in APx Acquisition Corp. I by 296.3% in the 3rd quarter. Spartan Fund Management Inc. now owns 152,354 shares of the company’s stock valued at $1,801,000 after acquiring an additional 113,912 shares in the last quarter. Finally, Clear Street LLC acquired a new position in APx Acquisition Corp. I in the 2nd quarter valued at $78,000. 51.82% of the stock is owned by institutional investors and hedge funds.

APx Acquisition Corp. I Stock Performance

NASDAQ:APXI remained flat at $11.88 during mid-day trading on Friday. The company had a trading volume of 6 shares, compared to its average volume of 1,642. The stock’s fifty day moving average price is $11.81 and its 200-day moving average price is $11.68. APx Acquisition Corp. I has a 1-year low of $11.11 and a 1-year high of $12.89.

About APx Acquisition Corp. I

APx Acquisition Corp. I. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. APx Acquisition Corp. I. was incorporated in 2021 and is based in Mexico City, Mexico.