Abony Acquisition Corp. I (NASDAQ:AACO) Shares Shorted: Short Interest Down 63.0% in September

Abony Acquisition Corp. I (NASDAQ:AACO) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 78 shares, a decrease of 63.0% from the September 15th total of 211 shares. Based on an average daily volume of 3,688 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Abony Acquisition Corp. I Stock Performance

NASDAQ:AACO remained flat at $9.98 during mid-day trading on Tuesday. 80,007 shares of the company were exchanged, compared to its average volume of 23,013. Abony Acquisition Corp. I has a 1 year low of $9.84 and a 1 year high of $10.00. The firm has a fifty day moving average of $9.98.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Abony Acquisition Corp. I from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has an average rating of “Sell”.

About Abony Acquisition Corp. I

Abony Acquisition Corp. I (NASDAQ:AACO) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Its potential transaction could take the form of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar combination.

As a SPAC, Abony Acquisition Corp. I does not have an established operating business, commercial products or services of its own. Its activities are primarily focused on evaluating potential acquisition targets and pursuing a suitable transaction within the time frame specified in its formation and offering documents.

Publicly available information about the company’s target industry, geographic focus and leadership is limited.