Mountain Crest Acquisition 6 Corp. Units (NASDAQ:MCAHU) Short Interest Down 82.2% in June

Mountain Crest Acquisition 6 Corp. Units (NASDAQ:MCAHU) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 586 shares, a decline of 82.2% from the June 15th total of 3,286 shares. Based on an average trading volume of 11,866 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Mountain Crest Acquisition 6 Corp. Units to a “hold” rating in a research note on Saturday, May 9th.

Insider Buying and Selling

In other news, CEO Suying Liu purchased 25,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was bought at an average cost of $10.00 per share, for a total transaction of $250,000.00. Following the completion of the purchase, the chief executive officer directly owned 2,982,143 shares of the company’s stock, valued at $29,821,430. The trade was a 0.85% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Mountain Crest Acquisition 6 Corp. Units Stock Down 2.1%

Shares of MCAHU traded down $0.22 during mid-day trading on Monday, reaching $10.17. 165 shares of the stock traded hands, compared to its average volume of 31,543. The firm has a fifty day moving average of $10.12. Mountain Crest Acquisition 6 Corp. Units has a 12-month low of $9.98 and a 12-month high of $11.00.