Short Interest in Merlin, Inc. Common Stock (NASDAQ:MRLN) Grows By 74.3%

Merlin, Inc. Common Stock (NASDAQ:MRLN) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 5,659,022 shares, an increase of 74.3% from the May 31st total of 3,246,691 shares. Based on an average trading volume of 5,677,850 shares, the days-to-cover ratio is presently 1.0 days. Approximately 6.4% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings raised shares of Merlin, Inc. Common Stock from a “sell (e-)” rating to a “sell (e)” rating in a research report on Tuesday, June 9th. Wall Street Zen lowered Merlin, Inc. Common Stock to a “strong sell” rating in a research note on Saturday, May 23rd. Roth Mkm initiated coverage on Merlin, Inc. Common Stock in a research note on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price objective for the company. TD Cowen upgraded Merlin, Inc. Common Stock to a “strong-buy” rating in a research note on Thursday, June 4th. Finally, Zacks Research raised Merlin, Inc. Common Stock to a “hold” rating in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

Merlin, Inc. Common Stock Price Performance

Shares of NASDAQ:MRLN opened at $5.28 on Friday. Merlin, Inc. Common Stock has a 12-month low of $4.76 and a 12-month high of $17.00. The firm has a market capitalization of $509.65 million, a P/E ratio of -14.27 and a beta of 1.70. The firm has a 50 day moving average of $7.59.

Merlin, Inc. Common Stock Company Profile

Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.