Spectral AI, Inc. (NASDAQ:MDAIW) Sees Significant Decrease in Short Interest

Spectral AI, Inc. (NASDAQ:MDAIW) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 2,957 shares, a drop of 43.5% from the February 12th total of 5,235 shares. Based on an average daily volume of 8,044 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 8,044 shares, the short-interest ratio is presently 0.4 days.

Spectral AI Stock Performance

NASDAQ MDAIW traded down $0.05 during trading hours on Friday, hitting $0.49. 1,079 shares of the company traded hands, compared to its average volume of 14,014. The business’s 50-day moving average is $0.47 and its 200-day moving average is $0.55. Spectral AI has a twelve month low of $0.22 and a twelve month high of $1.01.

About Spectral AI

Spectral AI Acquisition Corp I is a special purpose acquisition company (SPAC) incorporated in Delaware, trading on the NASDAQ under the ticker MDAIW. The entity was formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with an emphasis on companies operating in the artificial intelligence and advanced data analytics sectors.

The company’s strategy centers on identifying and completing a business combination with a target that can benefit from its public listing and access to growth capital.