Spectral AI, Inc. (NASDAQ:MDAIW) Sees Large Increase in Short Interest

Spectral AI, Inc. (NASDAQ:MDAIW) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 16,888 shares, a growth of 144.6% from the June 15th total of 6,904 shares. Based on an average daily trading volume, of 6,012 shares, the days-to-cover ratio is currently 2.8 days.

Spectral AI Price Performance

Shares of NASDAQ:MDAIW traded down $0.05 on Tuesday, reaching $0.56. The company had a trading volume of 3,800 shares, compared to its average volume of 14,970. Spectral AI has a twelve month low of $0.35 and a twelve month high of $1.01. The stock has a 50-day moving average price of $0.69 and a 200 day moving average price of $0.58.

About Spectral AI

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.