Abony Acquisition Corp. I (NASDAQ:AACO) Shares Shorted: Short Interest Down 98.7% in October

Abony Acquisition Corp. I (NASDAQ:AACO) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 262 shares, a drop of 98.7% from the October 15th total of 20,880 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 12,768 shares, the short-interest ratio is presently 0.0 days.

Abony Acquisition Corp. I Trading Down 0.0%

Shares of NASDAQ AACO opened at $10.05 on Wednesday. Abony Acquisition Corp. I has a fifty-two week low of $9.84 and a fifty-two week high of $10.05. The company has a 50-day simple moving average of $10.00.

Wall Street Analysts Forecast Growth

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

Abony Acquisition Corp. I Company Profile

Abony Acquisition Corp. I is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol AACO. The company was established to identify and complete a business combination, such as a merger, share exchange, asset acquisition, reorganization or similar transaction, with one or more operating businesses. Unlike an operating company, Abony Acquisition Corp. I does not have a portfolio of commercial products or services. Its activities are focused on raising capital through its public listing, evaluating potential acquisition opportunities and seeking to combine with a target company.