RMG ML Sports Holdings (NASDAQ:SHOTU – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,947 shares, a decline of 44.1% from the July 30th total of 3,485 shares. Based on an average trading volume of 1,194 shares, the short-interest ratio is presently 1.6 days.
RMG ML Sports Stock Performance
Shares of NASDAQ SHOTU traded up $0.04 during mid-day trading on Monday, hitting $9.98. The company had a trading volume of 3,013 shares, compared to its average volume of 56,067. RMG ML Sports has a 1 year low of $9.87 and a 1 year high of $10.04. The business’s 50-day simple moving average is $10.00.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of RMG ML Sports to a “hold” rating in a research report on Saturday, June 13th.
RMG ML Sports Company Profile
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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