Short Interest in Mountain Crest Acquisition 6 Corp. Units (NASDAQ:MCAHU) Expands By ∞

Mountain Crest Acquisition 6 Corp. Units (NASDAQ:MCAHU) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 8,222 shares, a growth of ∞ from the April 30th total of 0 shares. Based on an average trading volume of 84,036 shares, the short-interest ratio is presently 0.1 days.

Mountain Crest Acquisition 6 Corp. Units Stock Performance

NASDAQ MCAHU traded up $0.01 during trading on Wednesday, hitting $10.08. 62,246 shares of the company’s stock traded hands, compared to its average volume of 51,338. Mountain Crest Acquisition 6 Corp. Units has a 12-month low of $9.98 and a 12-month high of $10.10.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Mountain Crest Acquisition 6 Corp. Units to a “hold” rating in a research report on Saturday, May 9th.

Insider Transactions at Mountain Crest Acquisition 6 Corp. Units

In related news, CEO Suying Liu bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average cost of $10.00 per share, for a total transaction of $250,000.00. Following the completion of the transaction, the chief executive officer owned 2,982,143 shares of the company’s stock, valued at approximately $29,821,430. The trade was a 0.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.