Alpha Star Acquisition Co. (NASDAQ:ALSA) Sees Large Growth in Short Interest

Alpha Star Acquisition Co. (NASDAQ:ALSA) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 800 shares, an increase of 33.3% from the March 15th total of 600 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 50,300 shares, the days-to-cover ratio is presently 0.0 days.

Alpha Star Acquisition Trading Up 0.1 %

NASDAQ:ALSA opened at $11.34 on Monday. The firm’s 50 day simple moving average is $11.28 and its 200 day simple moving average is $11.20. Alpha Star Acquisition has a one year low of $10.49 and a one year high of $11.66.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. First Trust Capital Management L.P. increased its stake in Alpha Star Acquisition by 12.4% during the 1st quarter. First Trust Capital Management L.P. now owns 18,169 shares of the company’s stock valued at $191,000 after purchasing an additional 2,000 shares in the last quarter. UBS Group AG boosted its holdings in Alpha Star Acquisition by 214.4% during the 4th quarter. UBS Group AG now owns 4,219 shares of the company’s stock worth $43,000 after acquiring an additional 2,877 shares during the last quarter. Glazer Capital LLC boosted its holdings in Alpha Star Acquisition by 1.7% during the 4th quarter. Glazer Capital LLC now owns 214,305 shares of the company’s stock worth $2,398,000 after acquiring an additional 3,500 shares during the last quarter. Warberg Asset Management LLC boosted its holdings in Alpha Star Acquisition by 17.7% during the 3rd quarter. Warberg Asset Management LLC now owns 24,828 shares of the company’s stock worth $272,000 after acquiring an additional 3,725 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in Alpha Star Acquisition by 25.2% during the 4th quarter. Captrust Financial Advisors now owns 19,867 shares of the company’s stock worth $203,000 after acquiring an additional 4,000 shares during the last quarter. Institutional investors own 65.12% of the company’s stock.

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.