Southern Cross Acquisition I Corp. (NASDAQ:NCOOU – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 3,368 shares, a growth of 199.1% from the August 15th total of 1,126 shares. Based on an average daily trading volume, of 4,373 shares, the days-to-cover ratio is presently 0.8 days.
Southern Cross Acquisition I Price Performance
Shares of Southern Cross Acquisition I stock opened at $10.29 on Tuesday. Southern Cross Acquisition I has a 12 month low of $9.99 and a 12 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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