Melar Acquisition Corp. I (NASDAQ:MACIU – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 111 shares, an increase of ∞ from the June 30th total of 0 shares. Based on an average daily volume of 11 shares, the days-to-cover ratio is currently 10.1 days.
Melar Acquisition Corp. I Stock Performance
Melar Acquisition Corp. I stock remained flat at $11.20 during midday trading on Friday. 1 shares of the company’s stock traded hands, compared to its average volume of 1,936. Melar Acquisition Corp. I has a 52 week low of $10.49 and a 52 week high of $20.00. The business has a 50-day moving average price of $11.93 and a 200 day moving average price of $11.28.
About Melar Acquisition Corp. I
Melar Acquisition Corp. I is a special purpose acquisition company (“SPAC”) organized as a Delaware corporation to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank check company, it holds its proceeds in a trust account pending approval of a business combination by its shareholders. Melar Acquisition Corp. I operates with no revenues or commercial operations of its own until completion of its initial acquisition.
In 2021, Melar Acquisition Corp.
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