Meshflow Acquisition Corp. (NASDAQ:MESH) Sees Large Decrease in Short Interest

Meshflow Acquisition Corp. (NASDAQ:MESH) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 843 shares, a drop of 68.5% from the August 31st total of 2,678 shares. Based on an average daily volume of 324,900 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Meshflow Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Meshflow Acquisition Trading Down 0.1%

Shares of NASDAQ:MESH traded down $0.01 during mid-day trading on Friday, reaching $10.07. The company had a trading volume of 53,451 shares, compared to its average volume of 242,749. Meshflow Acquisition has a one year low of $9.86 and a one year high of $10.13. The company’s 50-day moving average price is $10.05 and its 200-day moving average price is $9.98.

About Meshflow Acquisition

Meshflow Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol MESH. The company was formed to identify and complete a business combination, such as a merger, stock purchase, or similar transaction, with an operating company.

Unlike an operating business, Meshflow Acquisition does not currently manufacture products or provide services to customers. Its activities are focused on raising capital, evaluating potential acquisition targets, and negotiating and completing a transaction that would result in a combined public company.

Publicly available information provides limited detail about the company’s intended industry focus, geographic markets, and leadership.