Spectral AI, Inc. (NASDAQ:MDAIW) Sees Large Decline in Short Interest

Spectral AI, Inc. (NASDAQ:MDAIW) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 2,509 shares, a drop of 59.3% from the January 15th total of 6,170 shares. Based on an average daily trading volume, of 28,889 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 28,889 shares, the days-to-cover ratio is presently 0.1 days.

Spectral AI Stock Performance

MDAIW stock remained flat at $0.45 during midday trading on Friday. 3,834 shares of the company’s stock were exchanged, compared to its average volume of 16,968. Spectral AI has a twelve month low of $0.22 and a twelve month high of $1.01. The stock’s 50-day moving average is $0.47 and its 200-day moving average is $0.59.

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.