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

Spectral AI, Inc. (NASDAQ:MDAIW) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 3,632 shares, an increase of 22.8% from the February 26th total of 2,957 shares. Based on an average trading volume of 10,446 shares, the days-to-cover ratio is currently 0.3 days.

Spectral AI Price Performance

Shares of NASDAQ:MDAIW traded up $0.00 during midday trading on Tuesday, reaching $0.54. 13,856 shares of the company were exchanged, compared to its average volume of 14,878. The business’s fifty day moving average is $0.48 and its two-hundred day moving average is $0.55. Spectral AI has a one year low of $0.22 and a one year 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.