Short Interest in Suncrete (NASDAQ:RMIX) Grows By 78.5%

Suncrete (NASDAQ:RMIX) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 441,408 shares, a growth of 78.5% from the May 31st total of 247,304 shares. Based on an average daily volume of 491,850 shares, the short-interest ratio is currently 0.9 days. Approximately 0.8% of the shares of the company are sold short.

Suncrete Stock Performance

Shares of RMIX stock opened at $21.93 on Thursday. Suncrete has a one year low of $9.20 and a one year high of $25.50. The company’s fifty day moving average price is $18.28.

Analysts Set New Price Targets

A number of research firms recently issued reports on RMIX. Jefferies Financial Group initiated coverage on shares of Suncrete in a report on Friday, May 1st. They issued a “buy” rating and a $19.00 price objective on the stock. William Blair began coverage on shares of Suncrete in a research report on Monday, May 4th. They issued an “outperform” rating on the stock. Roth Mkm assumed coverage on shares of Suncrete in a research note on Thursday, May 14th. They set a “buy” rating and a $21.00 price target on the stock. Weiss Ratings initiated coverage on shares of Suncrete in a research report on Wednesday, April 29th. They set a “sell (d+)” rating for the company. Finally, B. Riley Financial started coverage on Suncrete in a research note on Wednesday, June 24th. They issued a “buy” rating and a $26.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $21.75.

Suncrete Company Profile

Haymaker Acquisition Corp. 4 is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. Haymaker Acquisition Corp. 4 is based in New York.