Atlantic Alliance Partnership C (NASDAQ:AAPC) Traded Below Its 50 Day Average

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Company shares are trading at $10.60 which is a tad under the 50 day moving average of $11.27 and which is marginally lower than the 200 day moving average of $11.27. The 50 day moving average was down $-0.67 or -5.99% and the 200 day average moved down $-0.67. (NASDAQ:AAPC) shares saw heavy trading volume with 704 shares changing hands on Friday. Overall, volume was up 268.59% over the stocks normal daily volume.

Short traders are feeling a little more bullish on Atlantic Alliance Partnership C of late if you watch the change in short interest. The firm recorded a fall in short interest between September 15, 2017 and September 29, 2017 of -1.25%. Short interest decreased from 160 to 158 over that period. The short-interest ratio decreased to 0.0 and the percentage of shorted shares is 0.00% as of September 29.

Additionally, here are a few investment firms who have increased or decreased their stake in (AAPC). As of the end of the quarter Tower Research Capital LLC (trc) had sold a total of 273 shares trimming its position 91.3%. The value of the company’s investment in Atlantic Alliance Partnership C decreased from $3,000 to $0 a change of $3,000 quarter over quarter.

Atlantic Alliance Partnership C currently has a P/E ratio of 30.64 and the market cap is 39.08M.

Atlantic Alliance Partnership Corp., launched on January 14, 2015, is a blank check company. The Company is formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, contractual control arrangement with, purchasing all or substantially all of the assets of, or engaging in any other similar initial business combination with one or more businesses or entities. The Company has not conducted any operations and has not generated any revenues..

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