Southern Cross Acquisition I Corp. (NASDAQ:NCOOU) Stock Short Interest Declines 87.4%

Southern Cross Acquisition I Corp. (NASDAQ:NCOOU) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 33 shares, a decrease of 87.4% from the September 15th total of 262 shares. Based on an average trading volume of 893 shares, the short-interest ratio is currently 0.0 days.

Southern Cross Acquisition I Stock Up 2.1%

NASDAQ NCOOU traded up $0.22 during trading on Friday, reaching $10.29. Southern Cross Acquisition I has a 1-year low of $9.99 and a 1-year high of $10.82. The firm’s fifty day simple moving average is $10.11.

Southern Cross Acquisition I is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating companies. Its securities trade on the Nasdaq under the symbol NCOOU, representing units issued by the company.

As a blank-check company, Southern Cross Acquisition I does not have established operating subsidiaries, products or services of its own. Instead, its principal activities consist of raising capital through an initial public offering and seeking a merger, acquisition, share exchange, or similar transaction with a private business.

The company’s ultimate industry focus, geographic reach and operating leadership following any transaction depend on the target business it selects.