Spectral AI, Inc. (NASDAQ:MDAIW) Short Interest Update

Spectral AI, Inc. (NASDAQ:MDAIW) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 2,957 shares, a decrease of 43.5% from the February 12th total of 5,235 shares. Based on an average daily volume of 8,044 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 8,044 shares, the short-interest ratio is currently 0.4 days.

Spectral AI Stock Performance

Shares of MDAIW traded up $0.00 during mid-day trading on Thursday, reaching $0.48. 2,676 shares of the company’s stock traded hands, compared to its average volume of 14,285. The business’s 50-day moving average price is $0.47 and its 200-day moving average price is $0.55. Spectral AI has a 12 month low of $0.22 and a 12 month high of $1.01.

Spectral AI Company Profile

Spectral AI Acquisition Corp I is a special purpose acquisition company (SPAC) incorporated in Delaware, trading on the NASDAQ under the ticker MDAIW. The entity was formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with an emphasis on companies operating in the artificial intelligence and advanced data analytics sectors.

The company’s strategy centers on identifying and completing a business combination with a target that can benefit from its public listing and access to growth capital.