Spectral AI, Inc. (NASDAQ:MDAIW – Get Free Report) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 16,888 shares, an increase of 144.6% from the June 15th total of 6,904 shares. Based on an average daily volume of 6,012 shares, the days-to-cover ratio is currently 2.8 days.
Spectral AI Trading Down 1.1%
Shares of Spectral AI stock traded down $0.01 during trading hours on Wednesday, hitting $0.54. The company had a trading volume of 4,126 shares, compared to its average volume of 14,884. The company’s 50-day moving average is $0.69 and its two-hundred day moving average is $0.58. Spectral AI has a twelve month low of $0.35 and a twelve month high of $1.01.
About Spectral AI
Spectral AI Acquisition Corp I is a special purpose acquisition company (SPAC) incorporated in Delaware, trading on the NASDAQ under the ticker MDAIW. The entity was formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with an emphasis on companies operating in the artificial intelligence and advanced data analytics sectors.
The company’s strategy centers on identifying and completing a business combination with a target that can benefit from its public listing and access to growth capital.
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