Mountain Crest Acquisition 6 Corp. Units (NASDAQ:MCAHU) Short Interest Update

Mountain Crest Acquisition 6 Corp. Units (NASDAQ:MCAHU) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 8,222 shares, a growth of ∞ from the April 30th total of 0 shares. Based on an average daily trading volume, of 84,036 shares, the short-interest ratio is presently 0.1 days.

Mountain Crest Acquisition 6 Corp. Units Stock Down 0.1%

Shares of NASDAQ:MCAHU traded down $0.01 during trading on Tuesday, hitting $10.07. 62,246 shares of the stock traded hands, compared to its average volume of 51,338. Mountain Crest Acquisition 6 Corp. Units has a 52-week low of $9.98 and a 52-week high of $10.10.

Insider Buying and Selling at Mountain Crest Acquisition 6 Corp. Units

In other news, CEO Suying Liu purchased 25,000 shares of the stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of $10.00 per share, for a total transaction of $250,000.00. Following the acquisition, the chief executive officer owned 2,982,143 shares of the company’s stock, valued at approximately $29,821,430. This represents a 0.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Mountain Crest Acquisition 6 Corp. Units to a “hold” rating in a research report on Saturday, May 9th.