New America Acquisition I Corp. (NYSE:NWAX – Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 32,981 shares, an increase of 58.9% from the May 14th total of 20,756 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 37,405 shares, the days-to-cover ratio is presently 0.9 days.
Analysts Set New Price Targets
Separately, Weiss Ratings assumed coverage on New America Acquisition I in a research report on Friday, May 22nd. They set a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on New America Acquisition I
New America Acquisition I Price Performance
About New America Acquisition I
New America Acquisition I Corp is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which it refers to throughout this prospectus as its initial Business Combination.
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