ARC Group Securities Acquisition I (NASDAQ:FJDIU – Get Free Report) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 5,442 shares, a drop of 98.2% from the September 15th total of 309,774 shares. Based on an average daily volume of 57,725 shares, the days-to-cover ratio is currently 0.1 days.
ARC Group Securities Acquisition I Stock Down 0.2%
NASDAQ:FJDIU opened at $10.01 on Friday. The business’s 50 day moving average price is $9.99. ARC Group Securities Acquisition I has a 1-year low of $9.95 and a 1-year high of $10.20.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of ARC Group Securities Acquisition I to a “hold” rating in a research note on Saturday, August 15th.
About ARC Group Securities Acquisition I
ARC Group Securities Acquisition I is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more businesses. Its securities trade under the Nasdaq symbol FJDIU.
The company does not currently operate an independent commercial business or offer products and services to customers. Instead, its activities are focused on raising capital through its public offering and evaluating potential merger, acquisition, stock purchase, or similar transactions.
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