Abony Acquisition Corp. I (NASDAQ:AACO – Get Free Report) saw a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 262 shares, a drop of 98.7% from the October 15th total of 20,880 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 12,768 shares, the days-to-cover ratio is currently 0.0 days.
Analyst Ratings Changes
Separately, Weiss Ratings raised Abony Acquisition Corp. I from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has an average rating of “Sell”.
Check Out Our Latest Stock Report on Abony Acquisition Corp. I
Abony Acquisition Corp. I Stock Performance
AACO traded down $0.00 during trading on Tuesday, hitting $10.05. 369 shares of the company traded hands, compared to its average volume of 37,344. Abony Acquisition Corp. I has a one year low of $9.84 and a one year high of $10.05. The firm’s fifty day moving average price is $10.00.
About Abony Acquisition Corp. I
Abony Acquisition Corp. I is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol AACO. The company was established to identify and complete a business combination, such as a merger, share exchange, asset acquisition, reorganization or similar transaction, with one or more operating businesses. Unlike an operating company, Abony Acquisition Corp. I does not have a portfolio of commercial products or services. Its activities are focused on raising capital through its public listing, evaluating potential acquisition opportunities and seeking to combine with a target company.
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