ARC Group Acquisition I Corp Unit (NASDAQ:ARCLU) Sees Large Decline in Short Interest

ARC Group Acquisition I Corp Unit (NASDAQ:ARCLUGet Free Report) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 282 shares, a decline of 37.6% from the June 15th total of 452 shares. Based on an average daily volume of 1,051 shares, the days-to-cover ratio is currently 0.3 days.

ARC Group Acquisition I Corp Unit Stock Performance

NASDAQ ARCLU opened at $10.19 on Friday. The firm’s 50 day moving average is $10.20. ARC Group Acquisition I Corp Unit has a fifty-two week low of $10.01 and a fifty-two week high of $10.50.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of ARC Group Acquisition I Corp Unit to a “hold” rating in a research report on Saturday, May 9th.

Check Out Our Latest Analysis on ARCLU

Recommended Stories

Receive News & Ratings for ARC Group Acquisition I Corp Unit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Group Acquisition I Corp Unit and related companies with MarketBeat.com's FREE daily email newsletter.