Mountain Crest Acquisition 6 Corp. Units (NASDAQ:MCAHU) Sees Significant Growth in Short Interest

Mountain Crest Acquisition 6 Corp. Units (NASDAQ:MCAHU) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 8,222 shares, a growth of ∞ from the April 30th total of 0 shares. Based on an average daily volume of 84,036 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Mountain Crest Acquisition 6 Corp. Units to a “hold” rating in a research report on Saturday, May 9th.

Insider Transactions at Mountain Crest Acquisition 6 Corp. Units

In other news, CEO Suying Liu purchased 25,000 shares of the stock in a transaction on Friday, May 1st. The stock was bought at an average price of $10.00 per share, for a total transaction of $250,000.00. Following the acquisition, the chief executive officer directly owned 2,982,143 shares of the company’s stock, valued at approximately $29,821,430. The trade was a 0.85% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Mountain Crest Acquisition 6 Corp. Units Stock Up 0.1%

MCAHU traded up $0.02 on Monday, hitting $10.09. 32,147 shares of the company traded hands, compared to its average volume of 50,821. Mountain Crest Acquisition 6 Corp. Units has a 12-month low of $9.98 and a 12-month high of $10.10.