Merlin, Inc. Common Stock (NASDAQ:MRLN) Sees Significant Increase in Short Interest

Merlin, Inc. Common Stock (NASDAQ:MRLN) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 5,659,022 shares, a growth of 74.3% from the May 31st total of 3,246,691 shares. Approximately 6.4% of the company’s shares are sold short. Based on an average daily volume of 5,677,850 shares, the days-to-cover ratio is currently 1.0 days.

Merlin, Inc. Common Stock Stock Performance

NASDAQ MRLN traded down $0.39 during trading hours on Thursday, reaching $5.26. The company’s stock had a trading volume of 1,681,580 shares, compared to its average volume of 1,526,080. The business’s 50-day moving average price is $7.73. Merlin, Inc. Common Stock has a fifty-two week low of $4.76 and a fifty-two week high of $17.00. The company has a market cap of $507.70 million, a PE ratio of -14.22 and a beta of 1.71.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MRLN. Zacks Research raised shares of Merlin, Inc. Common Stock to a “hold” rating in a research note on Wednesday, April 15th. TD Cowen raised Merlin, Inc. Common Stock to a “strong-buy” rating in a report on Thursday, June 4th. Roth Mkm initiated coverage on Merlin, Inc. Common Stock in a research note on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price target on the stock. Weiss Ratings raised Merlin, Inc. Common Stock from a “sell (e-)” rating to a “sell (e)” rating in a report on Tuesday, June 9th. Finally, Wall Street Zen cut Merlin, Inc. Common Stock to a “strong sell” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Merlin, Inc. Common Stock Company Profile

Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.