Short Interest in CONX Corp. (NASDAQ:CONX) Drops By 7.9%

CONX Corp. (NASDAQ:CONXGet Free Report) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 9,300 shares, a decline of 7.9% from the December 15th total of 10,100 shares. Based on an average daily volume of 3,700 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in CONX by 4.4% in the first quarter. JPMorgan Chase & Co. now owns 1,440,472 shares of the company’s stock valued at $14,189,000 after acquiring an additional 60,100 shares during the period. Sculptor Capital LP boosted its position in CONX by 2,527.4% in the first quarter. Sculptor Capital LP now owns 351,807 shares of the company’s stock valued at $3,465,000 after buying an additional 338,417 shares in the last quarter. UBS Group AG boosted its position in CONX by 80.6% in the first quarter. UBS Group AG now owns 6,522 shares of the company’s stock valued at $64,000 after buying an additional 2,910 shares in the last quarter. Berkley W R Corp acquired a new position in CONX in the first quarter valued at about $174,000. Finally, Saba Capital Management L.P. boosted its position in CONX by 29.7% in the first quarter. Saba Capital Management L.P. now owns 655,082 shares of the company’s stock valued at $6,453,000 after buying an additional 150,000 shares in the last quarter. Institutional investors own 8.33% of the company’s stock.

CONX Stock Performance

NASDAQ:CONX opened at $10.68 on Thursday. The firm’s 50-day moving average is $10.65 and its 200-day moving average is $10.47. CONX has a 52-week low of $10.01 and a 52-week high of $11.35.

CONX Company Profile

(Get Free Report)

CONX Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to focus its search on identifying a prospective target operating in the technology, media, and telecommunications industries, including wireless communications industry.

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