Meshflow Acquisition Corp. (NASDAQ:MESH) Stock Short Interest Report for October

Meshflow Acquisition Corp. (NASDAQ:MESH) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 9,546 shares, an increase of 1,664.5% from the October 15th total of 541 shares. Based on an average daily volume of 149,971 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Meshflow Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 13th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of “Sell”.

Meshflow Acquisition Price Performance

NASDAQ MESH traded up $0.03 during trading on Tuesday, hitting $10.13. 139 shares of the company’s stock traded hands, compared to its average volume of 159,516. Meshflow Acquisition has a 12-month low of $9.86 and a 12-month high of $10.14. The business has a 50 day moving average of $10.09 and a 200-day moving average of $10.00.

About Meshflow Acquisition

Meshflow Acquisition (NASDAQ:MESH) is a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with one or more operating companies. Unlike an operating business, the company does not appear to have established products, services or significant commercial operations of its own. Its principal objective is to raise capital through a public offering and use those funds, together with other financing, to acquire or merge with a target company. The specific industry, business model and geographic focus of any prospective target may change and cannot be identified until a transaction is announced.