Short Interest in Alpha Star Acquisition Co. (NASDAQ:ALSAR) Decreases By 97.1%

Alpha Star Acquisition Co. (NASDAQ:ALSAR) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 97.1% from the February 29th total of 3,400 shares. Based on an average trading volume of 5,500 shares, the days-to-cover ratio is presently 0.0 days.

Alpha Star Acquisition Price Performance

Alpha Star Acquisition stock opened at $0.09 on Thursday. The company’s 50 day simple moving average is $0.11 and its 200 day simple moving average is $0.09. Alpha Star Acquisition has a fifty-two week low of $0.01 and a fifty-two week high of $0.49.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Alpha Star Acquisition stock. Basso Capital Management L.P. purchased a new stake in Alpha Star Acquisition Co. (NASDAQ:ALSAR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 150,000 shares of the company’s stock, valued at approximately $30,000.

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.