Southern Cross Acquisition I Corp. (NASDAQ:NCOOU) Short Interest Up ∞ in July

Southern Cross Acquisition I Corp. (NASDAQ:NCOOU) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 5,958 shares, an increase of ∞ from the July 15th total of 0 shares. Based on an average daily volume of 268,292 shares, the days-to-cover ratio is presently 0.0 days.

Southern Cross Acquisition I Stock Performance

NCOOU opened at $10.06 on Friday. Southern Cross Acquisition I has a 52 week low of $9.99 and a 52 week high of $10.82.

Southern Cross Acquisition I is a blank check company, also known as a special purpose acquisition company (SPAC), formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more operating businesses.

As a SPAC, the company does not have ongoing commercial operations of its own and is focused on identifying and completing an initial acquisition opportunity. Its business strategy is typically to target companies across a range of industries and geographies, depending on the terms of its formation documents and the expertise of its management team.

Publicly available details about Southern Cross Acquisition I’s specific target sector, historical operating background, and broader geographic focus are limited.