Short Interest in Alpha Star Acquisition Co. (NASDAQ:ALSA) Drops By 37.5%

Alpha Star Acquisition Co. (NASDAQ:ALSA) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 500 shares, a decrease of 37.5% from the March 31st total of 800 shares. Based on an average trading volume of 41,400 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Alpha Star Acquisition Price Performance

Shares of Alpha Star Acquisition stock remained flat at $11.37 during trading on Friday. The firm’s 50-day moving average price is $11.31 and its 200-day moving average price is $11.21. Alpha Star Acquisition has a 1 year low of $10.52 and a 1 year high of $11.66.

Hedge Funds Weigh In On Alpha Star Acquisition

A number of large investors have recently made changes to their positions in ALSA. Spartan Fund Management Inc. bought a new position in Alpha Star Acquisition in the fourth quarter worth approximately $144,000. Cowen AND Company LLC purchased a new stake in Alpha Star Acquisition during the fourth quarter valued at approximately $228,000. Warberg Asset Management LLC grew its holdings in Alpha Star Acquisition by 17.7% in the third quarter. Warberg Asset Management LLC now owns 24,828 shares of the company’s stock worth $272,000 after purchasing an additional 3,725 shares during the last quarter. BCK Capital Management LP acquired a new position in shares of Alpha Star Acquisition during the third quarter worth $410,000. Finally, Walleye Trading LLC purchased a new stake in shares of Alpha Star Acquisition during the 3rd quarter valued at $1,430,000. 65.12% of the stock is owned by hedge funds and other institutional investors.

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.