New America Acquisition I Corp. (NYSE:NWAX) Short Interest Up 58.9% in May

New America Acquisition I Corp. (NYSE:NWAX) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 32,981 shares, a growth of 58.9% from the May 14th total of 20,756 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 37,405 shares, the short-interest ratio is currently 0.9 days.

New America Acquisition I Trading Up 0.1%

NYSE:NWAX traded up $0.01 during trading hours on Tuesday, hitting $10.14. 34,989 shares of the company traded hands, compared to its average volume of 78,695. The business’s 50-day simple moving average is $10.10. New America Acquisition I has a one year low of $9.68 and a one year high of $10.39.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on New America Acquisition I in a research note on Friday, May 22nd. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

About New America Acquisition I

New America Acquisition I Corp is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which it refers to throughout this prospectus as its initial Business Combination.