Averin Capital Acquisition Corp. (NASDAQ:ACAA – Get Free Report) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 844 shares, a drop of 38.3% from the September 15th total of 1,368 shares. Based on an average daily volume of 31,436 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings started coverage on Averin Capital Acquisition in a research note on Tuesday, August 11th. They issued a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on Averin Capital Acquisition
Averin Capital Acquisition Stock Performance
Shares of NASDAQ:ACAA opened at $10.00 on Friday. The company has a 50 day moving average price of $10.01. Averin Capital Acquisition has a 1 year low of $9.56 and a 1 year high of $10.23.
Averin Capital Acquisition Company Profile
Averin Capital Acquisition Corp. (NASDAQ: ACAA) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination, such as a merger, stock exchange, asset acquisition, or similar transaction, with one or more operating businesses.
Unlike an operating company, Averin Capital Acquisition does not currently manufacture products or provide established commercial services of its own. Its principal activities involve evaluating potential acquisition targets, conducting due diligence, negotiating transaction terms, and seeking shareholder approval for a proposed combination.
The company has not publicly identified a completed operating business or a definitive target in the information available.
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