Meshflow Acquisition Corp. (NASDAQ:MESH) Stock Short Interest Report for October

Meshflow Acquisition Corp. (NASDAQ:MESH) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 541 shares, a decline of 50.7% from the September 30th total of 1,097 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 151,493 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Meshflow Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 13th. One analyst has rated the stock with a Sell rating. According to MarketBeat, Meshflow Acquisition currently has an average rating of “Sell”.

Meshflow Acquisition Stock Down 0.1%

Shares of MESH stock opened at $10.09 on Monday. Meshflow Acquisition has a 1 year low of $9.86 and a 1 year high of $10.13. The stock has a fifty day moving average price of $10.08 and a 200 day moving average price of $10.00.

Meshflow Acquisition Company Profile

Meshflow Acquisition (NASDAQ:MESH) is a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with one or more operating companies. Unlike an operating business, the company does not appear to have established products, services or significant commercial operations of its own.

Its principal objective is to raise capital through a public offering and use those funds, together with other financing, to acquire or merge with a target company. The specific industry, business model and geographic focus of any prospective target may change and cannot be identified until a transaction is announced.

Because Meshflow Acquisition is primarily a vehicle for pursuing a future acquisition, information about its operating activities, customers and leadership is limited.