Shares of Applied UV Inc. AUVI,
has gone up almost sixfold in volatile, active trade Tuesday, after the New York-based company, which applies ultraviolet light to destroy airborne pathogens, announced it is closing all assets of Akida Holdings LLC. The purchase, by subsidiary Applied UV SteriLumen Inc., includes the rights to the Airocide System of air disinfection and cleaning technologies. The stock topped 497.6% in afternoon trading, to speed all the way to winners on major US exchanges. It has a trading volume of 102.8 million shares compared to the full-day average of about 326,000 shares over the past 30 days. The stock has been briefly suspended for volatility 14 hours since opening. When Applied UV first announced its intention to purchase the Airocide System from Akida on Nov. 9, the stock rose 1.3% to a volume of around 630,000 shares that day. The latest data shows that short interest of 28,070 shares was around 1% of the public swamp. The stock, which started trading on August 31, 2020, has now accumulated 384.4% over the past three months while the S&P 500 SPX,
has gained 10.3%.