Xsolla SPAC 1 (NASDAQ:XSLL) Short Interest Update

Xsolla SPAC 1 (NASDAQ:XSLL) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 4,496 shares, a growth of 134.3% from the August 31st total of 1,919 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 45,084 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on shares of Xsolla SPAC 1 in a report on Tuesday, August 18th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Xsolla SPAC 1 Stock Performance

Shares of XSLL stock opened at $10.01 on Friday. Xsolla SPAC 1 has a fifty-two week low of $9.76 and a fifty-two week high of $10.00. The firm has a fifty day simple moving average of $9.97. The firm has a market cap of $276.99 million and a P/E ratio of 90.97.

About Xsolla SPAC 1

Xsolla SPAC 1 Corp. is a special purpose acquisition company (SPAC) associated with Xsolla, a global video game commerce company. Unlike an operating business, the company was established to raise capital and pursue a merger, share exchange, asset acquisition, reorganization or similar business combination with one or more target companies.

Xsolla SPAC 1’s stated focus is related to identifying a suitable acquisition opportunity, potentially within the technology, gaming, digital entertainment or adjacent sectors.