Short Interest in Vernal Capital Acquisition Corp. (NYSE:VECA) Declines By 67.6%

Vernal Capital Acquisition Corp. (NYSE:VECA) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,757 shares, a decline of 67.6% from the May 31st total of 5,431 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 31,373 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Vernal Capital Acquisition from a “sell” rating to a “hold” rating in a report on Sunday, May 31st.

Vernal Capital Acquisition Price Performance

Shares of VECA traded down $0.01 during trading hours on Monday, reaching $9.93. 956 shares of the company’s stock traded hands, compared to its average volume of 121,478. Vernal Capital Acquisition has a twelve month low of $9.88 and a twelve month high of $11.01.