Mountain Crest Acquisition 6 Corp. Units (NASDAQ:MCAHU – Get Free Report) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 4,840 shares, a decrease of 41.1% from the May 14th total of 8,222 shares. Based on an average daily trading volume, of 10,843 shares, the days-to-cover ratio is presently 0.4 days.
Mountain Crest Acquisition 6 Corp. Units Price Performance
Shares of MCAHU traded up $0.01 on Monday, hitting $10.09. 532 shares of the stock traded hands, compared to its average volume of 39,846. Mountain Crest Acquisition 6 Corp. Units has a 1 year low of $9.98 and a 1 year high of $10.12.
Insiders Place Their Bets
In related news, CEO Suying Liu bought 25,000 shares of the stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $10.00 per share, for a total transaction of $250,000.00. Following the completion of the transaction, the chief executive officer owned 2,982,143 shares of the company’s stock, valued at $29,821,430. This represents a 0.85% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Wall Street Analyst Weigh In
Check Out Our Latest Report on MCAHU
Featured Stories
- Five stocks we like better than Mountain Crest Acquisition 6 Corp. Units
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
Receive News & Ratings for Mountain Crest Acquisition 6 Corp. Units Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mountain Crest Acquisition 6 Corp. Units and related companies with MarketBeat.com's FREE daily email newsletter.
