Short Interest in APx Acquisition Corp. I (NASDAQ:APXI) Declines By 50.0%

APx Acquisition Corp. I (NASDAQ:APXI) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 100 shares, a drop of 50.0% from the June 30th total of 200 shares. Based on an average daily volume of 6,800 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On APx Acquisition Corp. I

Several hedge funds and other institutional investors have recently modified their holdings of APXI. Spartan Fund Management Inc. bought a new stake in APx Acquisition Corp. I in the fourth quarter valued at $49,000. Cowen AND Company LLC bought a new stake in shares of APx Acquisition Corp. I in the 4th quarter worth about $169,000. K2 Principal Fund L.P. acquired a new stake in shares of APx Acquisition Corp. I during the 4th quarter worth about $253,000. Flow State Investments L.P. bought a new position in APx Acquisition Corp. I during the 4th quarter valued at about $518,000. Finally, Cantor Fitzgerald L. P. bought a new position in APx Acquisition Corp. I during the 4th quarter valued at about $1,519,000. Institutional investors own 51.82% of the company’s stock.

APx Acquisition Corp. I Price Performance

NASDAQ APXI opened at $11.60 on Friday. APx Acquisition Corp. I has a 1-year low of $9.86 and a 1-year high of $11.62. The stock’s 50 day moving average is $11.57 and its two-hundred day moving average is $11.45.

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.