Short Interest in Spectral AI, Inc. (NASDAQ:MDAIW) Expands By 143.4%

Spectral AI, Inc. (NASDAQ:MDAIW) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 6,904 shares, an increase of 143.4% from the May 31st total of 2,837 shares. Based on an average daily trading volume, of 9,139 shares, the short-interest ratio is currently 0.8 days.

Spectral AI Stock Up 1.5%

NASDAQ:MDAIW traded up $0.01 on Monday, reaching $0.63. The company’s stock had a trading volume of 4,715 shares, compared to its average volume of 15,573. Spectral AI has a 1-year low of $0.35 and a 1-year high of $1.01. The business’s 50-day moving average price is $0.72 and its two-hundred day moving average price is $0.57.

About Spectral AI

Spectral AI Acquisition Corp I is a special purpose acquisition company (SPAC) incorporated in Delaware, trading on the NASDAQ under the ticker MDAIW. The entity was formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with an emphasis on companies operating in the artificial intelligence and advanced data analytics sectors.

The company’s strategy centers on identifying and completing a business combination with a target that can benefit from its public listing and access to growth capital.