Southern Cross Acquisition I Corp. (NASDAQ:NCOOU – Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,126 shares, a decrease of 81.1% from the July 30th total of 5,958 shares. Based on an average daily volume of 23,100 shares, the days-to-cover ratio is currently 0.0 days.
Southern Cross Acquisition I Price Performance
NASDAQ:NCOOU remained flat at $10.10 during trading hours on Wednesday. Southern Cross Acquisition I has a twelve month low of $9.99 and a twelve month high of $10.82.
As a SPAC, the company does not have ongoing commercial operations of its own and is focused on identifying and completing an initial acquisition opportunity. Its business strategy is typically to target companies across a range of industries and geographies, depending on the terms of its formation documents and the expertise of its management team.
Publicly available details about Southern Cross Acquisition I’s specific target sector, historical operating background, and broader geographic focus are limited.
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