Vernal Capital Acquisition Corp. (NYSE:VECA – Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 1,038 shares, a drop of 38.8% from the July 30th total of 1,695 shares. Based on an average trading volume of 31,143 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.
Wall Street Analyst Weigh In
VECA has been the topic of several analyst reports. Weiss Ratings started coverage on Vernal Capital Acquisition in a research note on Thursday, August 13th. They set a “sell (e-)” rating on the stock. Wall Street Zen upgraded Vernal Capital Acquisition from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on VECA
Vernal Capital Acquisition Price Performance
Vernal Capital Acquisition Company Profile
Vernal Capital Acquisition Corp. is a blank check company. It formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Vernal Capital Acquisition Corp. is based in New York.
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