Short Interest in Miluna Acquisition Corp (NASDAQ:MMTX) Decreases By 63.8%

Miluna Acquisition Corp (NASDAQ:MMTX) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 993 shares, a drop of 63.8% from the August 15th total of 2,746 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 26,942 shares, the short-interest ratio is currently 0.0 days.

Miluna Acquisition Trading Up 0.9%

NASDAQ MMTX traded up $0.09 during trading on Tuesday, hitting $10.27. The company had a trading volume of 4,336 shares, compared to its average volume of 33,227. The stock has a fifty day simple moving average of $10.15. Miluna Acquisition has a one year low of $9.88 and a one year high of $10.21. The firm has a market capitalization of $90.70 million and a P/E ratio of 9,784.76.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Whitebox Advisors LLC purchased a new position in shares of Miluna Acquisition in the 1st quarter valued at approximately $4,004,000. Polar Asset Management Partners Inc. purchased a new stake in Miluna Acquisition in the first quarter worth $3,704,000. Finally, Sona Asset Management US LLC bought a new position in Miluna Acquisition in the first quarter worth $1,177,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Miluna Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Miluna Acquisition has a consensus rating of “Sell”.

About Miluna Acquisition

Miluna Acquisition Corp is a blank check company.