Mountain Crest Acquisition 6 Corp. Units (NASDAQ:MCAHU) Short Interest Down 82.2% in June

Mountain Crest Acquisition 6 Corp. Units (NASDAQ:MCAHU) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 586 shares, a drop of 82.2% from the June 15th total of 3,286 shares. Based on an average daily volume of 11,866 shares, the short-interest ratio is currently 0.0 days.

Mountain Crest Acquisition 6 Corp. Units Trading Down 1.9%

Shares of NASDAQ:MCAHU traded down $0.20 during midday trading on Friday, hitting $10.19. 165 shares of the stock were exchanged, compared to its average volume of 31,543. The business’s 50-day simple moving average is $10.12. Mountain Crest Acquisition 6 Corp. Units has a 12 month low of $9.98 and a 12 month high of $11.00.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Mountain Crest Acquisition 6 Corp. Units to a “hold” rating in a research note on Saturday, May 9th.

Insider Buying and Selling

In other news, CEO Suying Liu bought 25,000 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were purchased at an average cost of $10.00 per share, with a total value of $250,000.00. Following the acquisition, the chief executive officer directly owned 2,982,143 shares in the company, valued at $29,821,430. This represents a 0.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.