Mountain Crest Acquisition 6 Corp. Units (NASDAQ:MCAHU) Sees Significant Decrease in Short Interest

Mountain Crest Acquisition 6 Corp. Units (NASDAQ:MCAHU) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 4,840 shares, a decline of 41.1% from the May 14th total of 8,222 shares. Based on an average trading volume of 10,843 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

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

Mountain Crest Acquisition 6 Corp. Units Stock Down 0.6%

Shares of Mountain Crest Acquisition 6 Corp. Units stock traded down $0.06 on Tuesday, hitting $10.04. The stock had a trading volume of 103 shares, compared to its average volume of 38,603. Mountain Crest Acquisition 6 Corp. Units has a twelve month low of $9.98 and a twelve month high of $10.12.

Insider Buying and Selling

In other Mountain Crest Acquisition 6 Corp. Units news, CEO Suying Liu bought 25,000 shares of the stock in a transaction on Friday, May 1st. The stock was purchased at an average price of $10.00 per share, with a total value of $250,000.00. Following the completion of the purchase, the chief executive officer owned 2,982,143 shares in the company, valued at $29,821,430. The trade was a 0.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.