Melar Acquisition Corp. I (NASDAQ:MACIU – Get Free Report) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 230 shares, an increase of ∞ from the May 14th total of 0 shares. Based on an average daily volume of 2,240 shares, the days-to-cover ratio is presently 0.1 days.
Melar Acquisition Corp. I Price Performance
Shares of NASDAQ MACIU remained flat at $11.10 during midday trading on Friday. 9 shares of the stock were exchanged, compared to its average volume of 2,099. The business’s 50 day moving average is $11.74 and its 200-day moving average is $11.19. Melar Acquisition Corp. I has a 52 week low of $10.49 and a 52 week high of $20.00.
Melar Acquisition Corp. I Company Profile
Melar Acquisition Corp. I is a special purpose acquisition company (“SPAC”) organized as a Delaware corporation to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank check company, it holds its proceeds in a trust account pending approval of a business combination by its shareholders. Melar Acquisition Corp. I operates with no revenues or commercial operations of its own until completion of its initial acquisition.
In 2021, Melar Acquisition Corp.
See Also
- Five stocks we like better than Melar Acquisition Corp. I
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
Receive News & Ratings for Melar Acquisition Corp. I Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melar Acquisition Corp. I and related companies with MarketBeat.com's FREE daily email newsletter.
