Short Interest in Spectral AI, Inc. (NASDAQ:MDAIW) Grows By 80.0%

Spectral AI, Inc. (NASDAQ:MDAIW) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 6,170 shares, a growth of 80.0% from the December 31st total of 3,427 shares. Based on an average daily trading volume, of 13,362 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 13,362 shares, the short-interest ratio is presently 0.5 days.

Spectral AI Stock Performance

Shares of NASDAQ:MDAIW traded down $0.01 during trading on Friday, reaching $0.56. The stock had a trading volume of 2,279 shares, compared to its average volume of 21,194. The business has a fifty day moving average price of $0.46 and a 200-day moving average price of $0.61. Spectral AI has a 1-year low of $0.22 and a 1-year high of $1.01.

Spectral AI Company Profile

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.