Spectral AI, Inc. (NASDAQ:MDAIW) Short Interest Down 45.7% in December

Spectral AI, Inc. (NASDAQ:MDAIW) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 3,427 shares, a decrease of 45.7% from the December 15th total of 6,309 shares. Based on an average daily volume of 9,775 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 9,775 shares, the short-interest ratio is currently 0.4 days.

Spectral AI Price Performance

MDAIW stock traded up $0.06 during midday trading on Thursday, hitting $0.51. 3,238 shares of the company’s stock were exchanged, compared to its average volume of 13,404. The firm has a 50 day moving average price of $0.46 and a 200-day moving average price of $0.64. Spectral AI has a 12-month low of $0.22 and a 12-month high of $1.01.

Spectral AI Company Profile

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.