HPX Corp. (NYSE:HPX) Short Interest Up 15.2% in October
HPX Corp. (NYSE: HPX – Get Rating) benefited from a significant increase in short-term interest rates in October. As of October 15, there was short interest totaling 58,200 shares, an increase of 15.2% from the total of 50,500 shares as of September 30. Based on an average daily volume of 10,400 shares, the days-to-cover ratio is currently 5.6 days.
Hedge funds weigh on HPX
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Arena Investors LP bought a new stake in shares of HPX in the first quarter worth approximately $74,000. Hsbc Holdings PLC increased its position in HPX shares by 2.3% in the first quarter. Hsbc Holdings PLC now owns 640,375 shares of the company valued at $6,353,000 after acquiring an additional 14,200 shares during the period. Spartan Fund Management Inc. purchased a new equity stake in HPX in the first quarter valued at approximately $2,604,000. Graham Capital Wealth Management LLC purchased a new equity stake in HPX in the second quarter valued at approximately $166,000. Finally, Berkley WR Corp increased its position in HPX shares by 4.8% in the second quarter. Berkley WR Corp now owns 231,938 shares of the company valued at $2,315,000 after acquiring an additional 10,606 shares during the period. 67.67% of the shares are held by institutional investors.
HPX trades up 0.1%
HPX stock traded down $0.01 midday on Friday, hitting $10.05. 37,165 shares of the company were traded, against an average volume of 13,542. The company has a 50-day moving average price of $9.96 and a two-hundred-day moving average price of $9.95. HPX has a 1-year low of $9.81 and a 1-year high of $10.19.
(Get an evaluation)
HPX Corp. has no significant activities. It intends to effect a merger, stock exchange, merger, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Wilmington, Delaware.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to email@example.com.
Before you consider HPX, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and HPX wasn’t on the list.
Although HPX currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here