ARC Group Securities Acquisition I (NASDAQ:FJDIU) Shares Shorted: Short Interest Down 62.6% in October

ARC Group Securities Acquisition I (NASDAQ:FJDIU) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 2,037 shares, a drop of 62.6% from the September 30th total of 5,442 shares. Based on an average trading volume of 1,227 shares, the short-interest ratio is currently 1.7 days.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of ARC Group Securities Acquisition I to a “hold” rating in a report on Saturday, August 15th.

ARC Group Securities Acquisition I Price Performance

Shares of NASDAQ:FJDIU remained flat at $10.03 on Thursday. 3,915 shares of the company’s stock were exchanged, compared to its average volume of 69,030. The business’s 50-day moving average is $10.01. ARC Group Securities Acquisition I has a 1-year low of $9.95 and a 1-year high of $10.20.

About ARC Group Securities Acquisition I

ARC Group Securities Acquisition I is a special purpose acquisition company, or SPAC, listed on the Nasdaq under the symbol FJDIU. The company was formed to raise capital through an initial public offering and pursue a business combination with one or more private companies.

Unlike an operating company, ARC Group Securities Acquisition I does not have established commercial products, services, or ongoing business operations. Its activities are focused on identifying a suitable merger, acquisition, share exchange, or similar transaction that could provide a private business with access to the public markets.

The company has not publicly identified a completed transaction or a specific target industry or geographic market in the information available.