RMG ML Sports Holdings (NASDAQ:SHOTU) Stock Short Interest Climbs 136.0%

RMG ML Sports Holdings (NASDAQ:SHOTU) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 6,876 shares, an increase of 136.0% from the August 31st total of 2,914 shares. Based on an average trading volume of 3,837 shares, the short-interest ratio is presently 1.8 days.

RMG ML Sports Stock Performance

Shares of NASDAQ:SHOTU traded up $0.01 during midday trading on Monday, reaching $9.98. 734 shares of the company were exchanged, compared to its average volume of 40,063. The company’s fifty day moving average is $9.99. RMG ML Sports has a one year low of $9.87 and a one year high of $10.04.

Wall Street Analyst Weigh In

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

RMG ML Sports is a special purpose acquisition company (SPAC) whose securities trade on the Nasdaq under the symbol SHOTU. The company was formed to pursue a business combination, such as a merger, acquisition or similar transaction, with an operating company.

Unlike an operating business, RMG ML Sports does not appear to have established products, services or ongoing commercial operations. Its principal activities are identifying a suitable target, negotiating a transaction and completing the business combination, subject to shareholder and regulatory approvals.

Publicly available information about the company’s specific investment criteria, geographic focus and leadership is limited.