Shreya Acquisition Group (NYSE:SAGU) Sees Large Increase in Short Interest

Shreya Acquisition Group (NYSE:SAGU) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 4,895 shares, a growth of 336.7% from the August 15th total of 1,121 shares. Based on an average trading volume of 135,034 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Shreya Acquisition Group Stock Up 0.4%

Shares of SAGU stock opened at $10.05 on Friday. The business has a 50 day simple moving average of $9.96. Shreya Acquisition Group has a fifty-two week low of $9.85 and a fifty-two week high of $10.05.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wall Street Zen upgraded Shreya Acquisition Group to a “hold” rating in a report on Saturday, May 30th. Weiss Ratings assumed coverage on shares of Shreya Acquisition Group in a research report on Tuesday, August 18th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Shreya Acquisition Group presently has an average rating of “Sell”.

Shreya Acquisition Group Company Profile

Shreya Acquisition Group is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Shreya Acquisition Group is based in NEW YORK.