Spectral AI, Inc. (NASDAQ:MDAIW – Get Free Report) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 6,904 shares, a growth of 143.4% from the May 31st total of 2,837 shares. Based on an average trading volume of 9,139 shares, the short-interest ratio is presently 0.8 days.
Spectral AI Trading Up 1.5%
Shares of NASDAQ:MDAIW traded up $0.01 during midday trading on Monday, reaching $0.63. 4,715 shares of the company were exchanged, compared to its average volume of 15,573. Spectral AI has a fifty-two week low of $0.35 and a fifty-two week high of $1.01. The stock has a fifty day simple moving average of $0.72 and a two-hundred day simple moving average of $0.57.
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.
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