Mountain Lake Acquisition Corp. II (NASDAQ:MLAA) Short Interest Down 35.3% in June

Mountain Lake Acquisition Corp. II (NASDAQ:MLAA) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,230 shares, a drop of 35.3% from the June 15th total of 1,902 shares. Based on an average trading volume of 7,310 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

MLAA has been the subject of a number of recent research reports. Weiss Ratings started coverage on shares of Mountain Lake Acquisition Corp. II in a report on Friday, June 12th. They issued a “sell (e)” rating for the company. Wall Street Zen raised shares of Mountain Lake Acquisition Corp. II to a “hold” rating in a report on Sunday, April 26th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Mountain Lake Acquisition Corp. II currently has an average rating of “Sell”.

Mountain Lake Acquisition Corp. II Stock Performance

Shares of NASDAQ:MLAA traded down $0.01 during trading on Friday, reaching $9.95. 3,748 shares of the company traded hands, compared to its average volume of 120,416. The business’s 50 day moving average price is $9.97. Mountain Lake Acquisition Corp. II has a 52 week low of $9.40 and a 52 week high of $11.20.