Alpha Star Acquisition Co. (NASDAQ:ALSA) Short Interest Down 85.7% in September

Alpha Star Acquisition Co. (NASDAQ:ALSA) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 100 shares, a drop of 85.7% from the September 15th total of 700 shares. Based on an average daily volume of 3,300 shares, the short-interest ratio is presently 0.0 days.

Alpha Star Acquisition Stock Performance

Shares of ALSA stock remained flat at $11.71 during midday trading on Friday. 19 shares of the stock were exchanged, compared to its average volume of 1,832. The business’s fifty day moving average price is $11.85 and its 200 day moving average price is $11.60. Alpha Star Acquisition has a 52 week low of $10.45 and a 52 week high of $13.34.

Institutional Trading of Alpha Star Acquisition

A number of institutional investors have recently bought and sold shares of the company. Berkley W R Corp boosted its position in shares of Alpha Star Acquisition by 21.5% in the 4th quarter. Berkley W R Corp now owns 452,889 shares of the company’s stock worth $5,063,000 after buying an additional 80,201 shares in the last quarter. Glazer Capital LLC lifted its holdings in shares of Alpha Star Acquisition by 1.7% in the fourth quarter. Glazer Capital LLC now owns 214,305 shares of the company’s stock valued at $2,398,000 after purchasing an additional 3,500 shares in the last quarter. Mizuho Securities USA LLC grew its position in shares of Alpha Star Acquisition by 30.9% in the first quarter. Mizuho Securities USA LLC now owns 261,849 shares of the company’s stock valued at $2,933,000 after purchasing an additional 61,849 shares during the last quarter. Finally, Clear Street LLC purchased a new position in shares of Alpha Star Acquisition during the 2nd quarter worth approximately $52,000. 65.12% of the stock is currently owned by hedge funds and other institutional investors.

About Alpha Star Acquisition

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.