Market Technology Acquisition Corp (NASDAQ:MTAK) Sees Significant Increase in Short Interest

Market Technology Acquisition Corp (NASDAQ:MTAK) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 782 shares. Based on an average daily trading volume, of 27,471 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Market Technology Acquisition to a “hold” rating in a report on Saturday, September 19th.

Market Technology Acquisition Trading Down 0.2%

Shares of MTAK traded down $0.02 during mid-day trading on Thursday, reaching $9.85. The stock had a trading volume of 123 shares, compared to its average volume of 41,980. Market Technology Acquisition has a 12 month low of $9.83 and a 12 month high of $10.00.

About Market Technology Acquisition

Market Technology Acquisition Corp. is a blank-check company, also known as a special purpose acquisition company (SPAC). The company was formed to identify and complete a business combination, such as a merger, capital stock exchange, asset acquisition, stock purchase, or similar transaction, with one or more businesses.

As a SPAC, Market Technology Acquisition Corp. does not operate a traditional commercial business and does not currently offer products or services to customers. Its activities primarily relate to evaluating potential acquisition targets and pursuing a qualifying transaction, with a stated focus on businesses in the technology sector.

The company is incorporated in Delaware and its securities trade on the Nasdaq Stock Market under the symbol MTAK.