SOCAU (NASDAQ:SOCAU) Stock Short Interest Falls 52.6%

SOCAU (NASDAQ:SOCAU) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 9 shares, a decrease of 52.6% from the September 15th total of 19 shares. Based on an average trading volume of 106 shares, the days-to-cover ratio is currently 0.1 days.

SOCAU Price Performance

SOCAU stock remained flat at $10.40 during mid-day trading on Wednesday. 890 shares of the company’s stock traded hands, compared to its average volume of 1,947. The business has a 50-day moving average of $10.48 and a two-hundred day moving average of $10.38. SOCAU has a one year low of $10.00 and a one year high of $12.00.

SOCAU Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.