MOZAYYX Acquisition Corp. (NYSE:MZYX) Sees Large Growth in Short Interest

MOZAYYX Acquisition Corp. (NYSE:MZYX) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 97,820 shares, an increase of 9,781,900.0% from the October 15th total of 1 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 42,861 shares, the short-interest ratio is currently 2.3 days.

MOZAYYX Acquisition Trading Up 0.1%

Shares of NYSE:MZYX traded up $0.01 during trading hours on Tuesday, hitting $10.01. The stock had a trading volume of 85,008 shares, compared to its average volume of 68,108. The firm has a fifty day moving average price of $10.00. MOZAYYX Acquisition has a 1-year low of $9.79 and a 1-year high of $10.10.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded MOZAYYX Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.

About MOZAYYX Acquisition

Mozayyx Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Potential transactions may include a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar corporate transaction. As a SPAC, Mozayyx Acquisition Corp. does not operate a conventional commercial business and does not currently offer products or services to customers. Its principal activity is evaluating potential acquisition opportunities and pursuing a transaction that would result in a combined operating company.