ARC Group Acquisition I Corp (NASDAQ:ARCL – Get Free Report) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 5,372 shares, a drop of 44.3% from the September 15th total of 9,650 shares. Based on an average daily volume of 28,034 shares, the days-to-cover ratio is currently 0.2 days.
ARC Group Acquisition I Trading Up 0.2%
ARCL traded up $0.02 during mid-day trading on Friday, reaching $10.00. 238 shares of the company traded hands, compared to its average volume of 55,181. The stock’s fifty day moving average is $9.99. ARC Group Acquisition I has a 52-week low of $9.85 and a 52-week high of $10.02.
Analysts Set New Price Targets
Separately, Weiss Ratings started coverage on ARC Group Acquisition I in a research note on Monday, August 24th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on ARC Group Acquisition I
About ARC Group Acquisition I
ARC Group Acquisition I (NASDAQ: ARCL) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Its potential transactions may include a merger, share exchange, asset acquisition, reorganization or similar corporate combination.
Unlike an operating company, ARC Group Acquisition I does not manufacture products or provide services to customers in the ordinary course of business. Its principal activities are evaluating potential acquisition targets, conducting due diligence and seeking shareholder approval for a proposed transaction.
The company was established as a blank-check company and is sponsored by an affiliate of ARC Group.
Further Reading
- Five stocks we like better than ARC Group Acquisition I
- Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027
- ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid
- Does the AI Selloff Put Alphabet’s Breakout in Doubt?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
Receive News & Ratings for ARC Group Acquisition I Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Group Acquisition I and related companies with MarketBeat.com's FREE daily email newsletter.
