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Short interest in Alpha Partners Technology Merger Corp. (NASDAQ:APTM) increased by 104.1% in December.

Short interest in Alpha Partners Technology Merger Corp. (NASDAQ:APTM) increased by 104.1% in December.

There was a discernible increase in the number of short positions taken on Alpha Partners Technology Merger Corp. (NASDAQ: APTM) during December. As of the 30th of December, there were 20,000 shares borrowed, which represents an increase of 104.1% compared to the short position from the previous day, which was 9,800 shares. The current days-to-cover ratio is 0.4 days, calculated based on an average daily trading volume of 52,000 shares. This number was arrived at after taking into account historical data. Short sales currently account for 0.1% of the company’s total share capital.

As a result of the recent activity in the market, several hedge funds have recently made adjustments to their holdings of the stock. The value of the new stake BNP Paribas Arbitrage SNC acquired in the Alpha Partners Technology Merger during the third quarter was $10,130,000. During the third quarter, Calamos Advisors LLC added a new investment to their previous investment in Alpha Partners Technology Merger, bringing their total investment in the venture to $7,365,000. During the period examined for the report covering the third quarter, Karpus Management Inc. increased its holdings in Alpha Partners Technology Merger by 1.4%. After making an additional purchase of 4,500 shares during the most recent quarter, Karpus Management Inc. now directly owns 334,901 shares, which have a value of $3,283,000. The company invested in the stock during the most recent quarter. During the first three months of 2018, Saba Capital Management L.P. completed a 4.5% increase in the proportion of its holdings allocated to the Alpha Partners Technology Merger. After purchasing an additional 9,142 shares during the most recent quarter, Saba Capital Management L.P. now owns 213,548 shares in the company, which have a value of $2,069,000. Last but not least, during the second quarter, Parallax Volatility Advisers L.P. increased its investment in Alpha Partners Technology Merger by purchasing additional shares, bringing the total amount invested to $1,496,000. To the tune of 51.70 percent, the company shares are owned by institutional investors and hedge funds.

The price of APTM shares hit an all-time high of $10.10 on Wednesday, setting a new record for the day. The moving average for the company over the previous two hundred days is $9.85, while the moving average for the previous fifty days is $9.99. During the previous 52 weeks, the price of Alpha Partners Technology Merger Corp. ranged from a low of $9.60 to a high of $10.55. The company does not engage in any necessary or important business processes. The goal is to complete a business combination with one or more existing companies, such as a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination. This could be a merger, capital stock exchange, asset acquisition, stock purchase, or related business combination. The company did not officially.

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