Abony Acquisition Corp. I (NASDAQ:AACO) Sees Significant Increase in Short Interest

Abony Acquisition Corp. I (NASDAQ:AACO) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 20,880 shares, an increase of 26,669.2% from the September 30th total of 78 shares. Based on an average daily trading volume, of 92,362 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Abony Acquisition Corp. I Stock Up 0.1%

NASDAQ AACO traded up $0.01 during trading hours on Monday, hitting $10.01. 2,230 shares of the stock were exchanged, compared to its average volume of 39,081. Abony Acquisition Corp. I has a 12-month low of $9.84 and a 12-month high of $10.00. The stock has a 50-day moving average of $9.99.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Abony Acquisition Corp. I from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Abony Acquisition Corp. I Company Profile

Abony Acquisition Corp. I is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol AACO. The company was established to identify and complete a business combination, such as a merger, share exchange, asset acquisition, reorganization or similar transaction, with one or more operating businesses.

Unlike an operating company, Abony Acquisition Corp. I does not have a portfolio of commercial products or services. Its activities are focused on raising capital through its public listing, evaluating potential acquisition opportunities and seeking to combine with a target company.

Publicly available information about the company’s specific investment focus, geographic markets, completed transactions and leadership is limited.