Mountain Lake Acquisition Corp. II (NASDAQ:MLAA) Short Interest Down 44.1% in May

Mountain Lake Acquisition Corp. II (NASDAQ:MLAA) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 6,815 shares, a decline of 44.1% from the May 14th total of 12,199 shares. Based on an average daily trading volume, of 407,611 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MLAA. Weiss Ratings assumed coverage on Mountain Lake Acquisition Corp. II in a research note on Friday. They issued a “sell (e)” rating for the company. Wall Street Zen upgraded Mountain Lake Acquisition Corp. II to a “hold” rating in a report on Sunday, April 26th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Mountain Lake Acquisition Corp. II Price Performance

NASDAQ MLAA traded down $0.01 during trading on Tuesday, reaching $9.95. 7,069 shares of the company’s stock were exchanged, compared to its average volume of 152,563. The stock has a 50 day simple moving average of $9.97. Mountain Lake Acquisition Corp. II has a 1 year low of $9.40 and a 1 year high of $11.20.