November 25, 2016 - By Clifton Ray · 0 Comments
The stock of Axar Acquisition Corporation (NASDAQ:AXAR) registered a decrease of 2.86% in short interest. AXAR’s total short interest was 3,400 shares in November as published by FINRA. Its down 2.86% from 3,500 shares, reported previously. With 1,500 shares average volume, it will take short sellers 2 days to cover their AXAR’s short positions. The stock increased 0.96% or $0.09 on November 23, hitting $9.94. Axar Acquisition Corp (NASDAQ:AXAR) has risen 0.76% since April 22, 2016 and is uptrending. It has underperformed by 4.65% the S&P500.
Axar Acquisition Corp., formerly AR Capital Acquisition Corp., is a shell company. The company has a market cap of $85.41 million. The Firm is a blank check firm formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It currently has negative earnings. The Firm seeks to complete a business combination with an operating firm in the asset management sector, but may also pursue acquisition opportunities in any industry or sector, except that, under its amended and restated certificate of incorporation, it will not be permitted to effectuate its business combination with another blank check firm or similar firm with nominal operations.
Axar Acquisition Corp., formerly AR Capital Acquisition Corp., incorporated on July 25, 2014, is a shell company. The Firm is a blank check firm formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
More important recent Axar Acquisition Corp (NASDAQ:AXAR) news were published by: Prnewswire.com which released: “AR Capital Acquisition Corp. Announces Approval of all Proposals Submitted at …” on October 07, 2016, also Reuters.com published article titled: “BRIEF-AR Capital Acquisition says announces approval of all proposals subm…”, Nypost.com published: “AEG Live veteran tapped to lead SFX Entertainment” on July 27, 2016. More interesting news about Axar Acquisition Corp (NASDAQ:AXAR) was released by: Wsj.com and their article: “Concert Producer SFX Entertainment to Hire New CEO” with publication date: July 26, 2016.
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By Clifton Ray