RMG ML Sports Holdings (NASDAQ:SHOTU – Get Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 3,485 shares, a decline of 83.8% from the July 15th total of 21,572 shares. Based on an average trading volume of 30,127 shares, the days-to-cover ratio is presently 0.1 days.
RMG ML Sports Stock Up 0.4%
SHOTU traded up $0.04 during midday trading on Wednesday, reaching $10.00. The company’s stock had a trading volume of 289 shares, compared to its average volume of 73,617. The firm has a fifty day simple moving average of $9.99. RMG ML Sports has a twelve month low of $9.87 and a twelve month high of $10.04.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of RMG ML Sports to a “hold” rating in a research report on Saturday, June 13th.
About RMG ML Sports
We are a newly incorporated blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not identified any potential business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential business combination target.
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