Spectral AI, Inc. (NASDAQ:MDAIW – Get Free Report) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 6,904 shares, a growth of 143.4% from the May 31st total of 2,837 shares. Based on an average trading volume of 9,139 shares, the short-interest ratio is presently 0.8 days.
Spectral AI Price Performance
Shares of NASDAQ MDAIW traded down $0.06 during midday trading on Tuesday, reaching $0.56. The company’s stock had a trading volume of 3,458 shares, compared to its average volume of 15,471. The stock has a 50 day simple moving average of $0.72 and a 200-day simple moving average of $0.57. Spectral AI has a fifty-two week low of $0.35 and a fifty-two week high of $1.01.
About Spectral AI
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.
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