Shreya Acquisition Group (NYSE:SAGU) Shares Shorted: Short Interest Down 49.3% in October

Shreya Acquisition Group (NYSE:SAGU) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 1,909 shares, a drop of 49.3% from the September 30th total of 3,765 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 561 shares, the short-interest ratio is currently 3.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on Shreya Acquisition Group in a research note on Tuesday, August 18th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Shreya Acquisition Group Stock Down 0.1%

SAGU traded down $0.01 during midday trading on Friday, reaching $10.04. The company had a trading volume of 2,866 shares, compared to its average volume of 19,174. The company’s 50-day moving average price is $10.03. Shreya Acquisition Group has a 1 year low of $9.85 and a 1 year high of $10.12.

About Shreya Acquisition Group

Shreya Acquisition Group is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Shreya Acquisition Group is based in NEW YORK.