Short Interest in Alpha Star Acquisition Co. (NASDAQ:ALSA) Declines By 37.5%

Alpha Star Acquisition Co. (NASDAQ:ALSA) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 500 shares, a decline of 37.5% from the March 31st total of 800 shares. Based on an average trading volume of 41,400 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Alpha Star Acquisition Stock Performance

Shares of NASDAQ ALSA remained flat at $11.37 during trading hours on Friday. The stock’s 50 day moving average price is $11.31 and its 200-day moving average price is $11.21. Alpha Star Acquisition has a 12 month low of $10.52 and a 12 month high of $11.66.

Hedge Funds Weigh In On Alpha Star Acquisition

Several institutional investors have recently made changes to their positions in the company. Westchester Capital Management LLC boosted its position in Alpha Star Acquisition by 102.7% during the 3rd quarter. Westchester Capital Management LLC now owns 884,963 shares of the company’s stock valued at $9,637,000 after acquiring an additional 448,433 shares in the last quarter. Berkley W R Corp raised its holdings in Alpha Star Acquisition by 21.5% in the fourth quarter. Berkley W R Corp now owns 452,889 shares of the company’s stock worth $5,063,000 after purchasing an additional 80,201 shares in the last quarter. Kim LLC lifted its position in shares of Alpha Star Acquisition by 28.0% during the fourth quarter. Kim LLC now owns 391,878 shares of the company’s stock valued at $4,393,000 after buying an additional 85,673 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Alpha Star Acquisition in the 3rd quarter valued at about $2,542,000. Finally, Glazer Capital LLC grew its position in shares of Alpha Star Acquisition by 1.7% in the 4th quarter. Glazer Capital LLC now owns 214,305 shares of the company’s stock worth $2,398,000 after buying an additional 3,500 shares during the last quarter. Hedge funds and other institutional investors own 65.12% of the company’s stock.

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.