ARC Group Securities Acquisition I (NASDAQ:FJDI) Sees Large Drop in Short Interest

ARC Group Securities Acquisition I (NASDAQ:FJDI) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,331 shares, a decrease of 60.0% from the September 30th total of 3,327 shares. Based on an average daily volume of 18,371 shares, the short-interest ratio is presently 0.1 days.

ARC Group Securities Acquisition I Price Performance

Shares of NASDAQ FJDI traded up $0.02 during midday trading on Friday, reaching $9.90. 2,639 shares of the company were exchanged, compared to its average volume of 62,107. ARC Group Securities Acquisition I has a 1 year low of $9.84 and a 1 year high of $9.90.

ARC Group Securities Acquisition I Company Profile

ARC Group Securities Acquisition I is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol FJDI. The company was formed to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more operating businesses.

As a SPAC, ARC Group Securities Acquisition I does not conduct significant commercial operations of its own and does not offer a proprietary product or service. Its primary activity is identifying and evaluating potential acquisition targets and completing a business combination that would allow a private company to become publicly traded.

Publicly available information about the company’s specific target industries, geographic focus and leadership is limited.