Melar Acquisition Corp. I (NASDAQ:MACIU – Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 230 shares, an increase of ∞ from the May 14th total of 0 shares. Based on an average trading volume of 2,240 shares, the short-interest ratio is presently 0.1 days.
Melar Acquisition Corp. I Price Performance
MACIU stock opened at $11.10 on Tuesday. The stock has a 50-day moving average price of $11.75 and a two-hundred day moving average price of $11.19. Melar Acquisition Corp. I has a 12-month low of $10.49 and a 12-month high of $20.00.
Melar Acquisition Corp. I Company Profile
Melar Acquisition Corp. I is a special purpose acquisition company (“SPAC”) organized as a Delaware corporation to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank check company, it holds its proceeds in a trust account pending approval of a business combination by its shareholders. Melar Acquisition Corp. I operates with no revenues or commercial operations of its own until completion of its initial acquisition.
In 2021, Melar Acquisition Corp.
Read More
- Five stocks we like better than Melar Acquisition Corp. I
- Father’s Day Investing: 3 Stocks Built for Long-Term Returns
- This Golden Cross Could Send Urban Outfitters to New Highs
- Insiders Sell Top Tech Plays: Should Investors Buy, Sell, or Hold?
- Can D-Wave Hold Its Own Against 2 Fast-Growing Rivals?
Receive News & Ratings for Melar Acquisition Corp. I Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melar Acquisition Corp. I and related companies with MarketBeat.com's FREE daily email newsletter.
