Short Interest in Spectral AI, Inc. (NASDAQ:MDAIW) Expands By 22.8%

Spectral AI, Inc. (NASDAQ:MDAIW) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 3,632 shares, a growth of 22.8% from the February 26th total of 2,957 shares. Based on an average trading volume of 10,446 shares, the short-interest ratio is currently 0.3 days.

Spectral AI Stock Performance

NASDAQ MDAIW traded up $0.00 on Wednesday, reaching $0.56. The company had a trading volume of 2,369 shares, compared to its average volume of 14,675. Spectral AI has a 12 month low of $0.22 and a 12 month high of $1.01. The firm’s 50 day moving average price is $0.48 and its 200 day moving average price is $0.55.

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.