RMG ML Sports Holdings (NASDAQ:SHOTU) Sees Significant Decline in Short Interest

RMG ML Sports Holdings (NASDAQ:SHOTU) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 3,485 shares, a decrease of 83.8% from the July 15th total of 21,572 shares. Based on an average daily trading volume, of 30,127 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Wall Street Zen raised RMG ML Sports to a “hold” rating in a research report on Saturday, June 13th.

RMG ML Sports Stock Up 0.3%

Shares of SHOTU traded up $0.03 during trading on Friday, reaching $9.99. The company’s stock had a trading volume of 12,989 shares, compared to its average volume of 71,593. The business’s fifty day moving average price is $9.99. RMG ML Sports has a twelve month low of $9.87 and a twelve month high of $10.04.

RMG ML Sports Company Profile

We are a newly incorporated blank check company incorporated as a Cayman Islands exempted company 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 we refer to throughout this prospectus as our initial business combination. We have not identified any potential business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential business combination target.