During the last trading session, Alpine 4 Technologies, Ltd., (OTCQB: ALPP) stock recorded a volume of 6,880,956. On December 24, 2020, the company with a market cap of 6,880,956 traded within the range of $2.05 and $3.15, as the management of leading small market businesses announced that its Board of Directors has voted to the NASDAQ list.
Several factors motivated the company to move to the NASDAQ, including a desire to boost shareholder value, said Kent B. Wilson, CEO of the company, in a statement while revealing this news. Alpine 4’s already successful business model of Direct Sales Force (DSF) will flourish even more upon its listing on a national exchange like the NASDAQ. Further, up listing Alpine 4 will result in a dramatic reduction in equity and capital costs, as well as higher institutional investors and new business opportunities with our ever-expanding global network of subsidiaries. We are thrilled that our shareholders have chosen to support Alpine 4 in this exciting time, and we are grateful for their trust and belief in our company, he added. To facilitate the NASDAQ uplisting, the company will submit the appropriate SEC and FINRA filings in the next few weeks. A move of this magnitude should take roughly 45 days and finalize at the end of January or beginning of February.
Furthermore, data from www.otcmarkets.com revealed that Short interest in the Alpine 4 Technologies, Ltd., (OTCQB: ALPP) stock has surged, rising by a total of 309,480 shares on November 30, 2020. At the average daily sharing volume of 30,738,025 shares on the most recent settlement date, the days to cover the figure was 1. The interest had seen claims on November 30, 2020, stand at 310,532.