Miluna Acquisition Corp (NASDAQ:MMTX) Stock Short Interest Rises 52.1%

Miluna Acquisition Corp (NASDAQ:MMTX) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,510 shares, an increase of 52.1% from the August 31st total of 993 shares. Based on an average trading volume of 18,368 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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

Miluna Acquisition Stock Down 0.0%

Shares of Miluna Acquisition stock opened at $10.21 on Thursday. The stock’s fifty day simple moving average is $10.17. The stock has a market cap of $90.09 million and a PE ratio of 9,719.05. Miluna Acquisition has a 1-year low of $9.88 and a 1-year high of $10.21.

Hedge Funds Weigh In On Miluna Acquisition

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sona Asset Management US LLC purchased a new stake in Miluna Acquisition in the first quarter worth about $1,177,000. Polar Asset Management Partners Inc. bought a new position in shares of Miluna Acquisition in the first quarter worth about $3,704,000. Finally, Whitebox Advisors LLC purchased a new position in shares of Miluna Acquisition during the 1st quarter valued at about $4,004,000.

Miluna Acquisition Company Profile

Miluna Acquisition Corp. (NASDAQ: MMTX) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses.

Rather than providing products or services directly, the company’s activities have centered on evaluating potential targets and pursuing a merger, acquisition, share exchange, asset acquisition, reorganization, or similar transaction. Its investment focus, operating geography, and target industry may depend on the terms of any completed or proposed transaction.

Publicly available information about Miluna Acquisition Corp.’s operating history, leadership, and business activities is limited.