Mountain Lake Acquisition Corp. II (NASDAQ:MLAA) Stock Short Interest Report for October

Mountain Lake Acquisition Corp. II (NASDAQ:MLAA) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 1,226 shares, an increase of 168.3% from the October 15th total of 457 shares. Based on an average daily trading volume, of 54,558 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Mountain Lake Acquisition Corp. II Price Performance

NASDAQ:MLAA opened at $10.04 on Friday. Mountain Lake Acquisition Corp. II has a fifty-two week low of $9.40 and a fifty-two week high of $11.20. The company has a 50 day simple moving average of $10.02 and a two-hundred day simple moving average of $9.98.

Hedge Funds Weigh In On Mountain Lake Acquisition Corp. II

Hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new position in Mountain Lake Acquisition Corp. II in the second quarter valued at about $159,000. Readystate Asset Management LP bought a new position in shares of Mountain Lake Acquisition Corp. II during the 2nd quarter valued at approximately $1,241,000. Lineage Point Capital LP purchased a new stake in shares of Mountain Lake Acquisition Corp. II during the 2nd quarter worth approximately $2,922,000. Finally, First Trust Capital Management L.P. bought a new stake in shares of Mountain Lake Acquisition Corp. II in the 3rd quarter worth approximately $6,006,000.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Mountain Lake Acquisition Corp. II from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has an average rating of “Sell”.

About Mountain Lake Acquisition Corp. II

Mountain Lake Acquisition Corp. II is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a SPAC, it does not have an established portfolio of operating products or services. Its activities are focused on identifying and completing a business combination. No specific target industry, geographic focus or operating business is identified here.