ARC Group Securities Acquisition I (NASDAQ:FJDIU) Shares Shorted: Short Interest Down 98.2% in September

ARC Group Securities Acquisition I (NASDAQ:FJDIU) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 5,442 shares, a decrease of 98.2% from the September 15th total of 309,774 shares. Based on an average trading volume of 57,725 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded ARC Group Securities Acquisition I to a “hold” rating in a research note on Saturday, August 15th.

ARC Group Securities Acquisition I Stock Performance

Shares of FJDIU traded down $0.02 during midday trading on Friday, hitting $10.01. The company had a trading volume of 7,375 shares, compared to its average volume of 73,953. The company has a 50-day moving average price of $9.99. ARC Group Securities Acquisition I has a 1 year low of $9.95 and a 1 year high of $10.20.

ARC Group Securities Acquisition I Company Profile

ARC Group Securities Acquisition I is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more businesses. Its securities trade under the Nasdaq symbol FJDIU.

The company does not currently operate an independent commercial business or offer products and services to customers. Instead, its activities are focused on raising capital through its public offering and evaluating potential merger, acquisition, stock purchase, or similar transactions.