Melar Acquisition Corp. I (NASDAQ:MACIU – Get Free Report) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 230 shares, an increase of ? from the May 14th total of 0 shares. Based on an average daily volume of 2,240 shares, the days-to-cover ratio is currently 0.1 days.
Melar Acquisition Corp. I Price Performance
NASDAQ:MACIU remained flat at $11.10 during trading hours on Monday. The company’s stock had a trading volume of 9 shares, compared to its average volume of 2,099. Melar Acquisition Corp. I has a 52 week low of $10.49 and a 52 week high of $20.00. The company’s 50 day moving average is $11.74 and its 200 day moving average is $11.19.
About Melar Acquisition Corp. I
Melar Acquisition Corp. I is a special purpose acquisition company (“SPAC”) organized as a Delaware corporation to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank check company, it holds its proceeds in a trust account pending approval of a business combination by its shareholders. Melar Acquisition Corp. I operates with no revenues or commercial operations of its own until completion of its initial acquisition.
In 2021, Melar Acquisition Corp.
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