Muzero Acquisition Corp (NASDAQ:MUZE) Stock Short Interest Drops 65.9%

Muzero Acquisition Corp (NASDAQ:MUZE) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 61 shares, a drop of 65.9% from the September 15th total of 179 shares. Based on an average daily trading volume, of 41,350 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Muzero Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Muzero Acquisition Price Performance

MUZE remained flat at $10.03 during trading hours on Monday. The company had a trading volume of 1,981 shares, compared to its average volume of 27,533. The business’s fifty day moving average is $10.00 and its 200-day moving average is $9.94. Muzero Acquisition has a 12-month low of $9.78 and a 12-month high of $10.04.

About Muzero Acquisition

Muzero Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a business combination with an operating company. Its activities primarily involve identifying a suitable target and negotiating a merger, share exchange, asset acquisition, or similar transaction.

Unlike an operating company, Muzero Acquisition Corp. does not have a portfolio of consumer or business products and services. Its principal objective is to complete a transaction that would allow a private company to become publicly traded.

Publicly available information about the company’s target industry, geographic focus, completed transactions and leadership is limited.