Melar Acquisition Corp. I (NASDAQ:MACIU – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 1,493 shares, an increase of 262.4% from the October 15th total of 412 shares. Based on an average daily volume of 2,722 shares, the short-interest ratio is presently 0.5 days.
Melar Acquisition Corp. I Price Performance
MACIU stock traded down $0.18 during midday trading on Thursday, hitting $9.38. The stock had a trading volume of 1,658 shares, compared to its average volume of 2,001. Melar Acquisition Corp. I has a 1-year low of $7.58 and a 1-year high of $20.00. The business has a fifty day moving average price of $10.57 and a two-hundred day moving average price of $11.09.
About Melar Acquisition Corp. I
Melar Acquisition Corp. I is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, or similar business combination with one or more businesses. As a SPAC, the company does not have its own established operating business, products, or services. Its primary activity is identifying and completing a business combination. Information about a completed transaction, operating geographies, or the company’s leadership is not included here because it could not be reliably confirmed.
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