RMG ML Sports Holdings (NASDAQ:SHOTU) Short Interest Update

RMG ML Sports Holdings (NASDAQ:SHOTU) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 1,947 shares, a decrease of 44.1% from the July 30th total of 3,485 shares. Based on an average daily trading volume, of 1,194 shares, the short-interest ratio is presently 1.6 days.

RMG ML Sports Trading Down 0.1%

Shares of NASDAQ SHOTU traded down $0.01 during mid-day trading on Friday, hitting $9.94. 3,013 shares of the stock were exchanged, compared to its average volume of 56,067. RMG ML Sports has a twelve month low of $9.87 and a twelve month high of $10.04. The firm’s fifty day moving average price is $10.00.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised RMG ML Sports to a “hold” rating in a research note on Saturday, June 13th.

RMG ML Sports Company Profile

We are a newly incorporated blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not identified any potential business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential business combination target.