ARC Group Securities Acquisition I (NASDAQ:FJDI) Sees Large Drop in Short Interest

ARC Group Securities Acquisition I (NASDAQ:FJDI) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 1,331 shares, a decrease of 60.0% from the September 30th total of 3,327 shares. Based on an average daily trading volume, of 18,371 shares, the short-interest ratio is presently 0.1 days.

ARC Group Securities Acquisition I Stock Up 0.2%

Shares of FJDI opened at $9.89 on Thursday. ARC Group Securities Acquisition I has a 1 year low of $9.84 and a 1 year high of $9.90.

About ARC Group Securities Acquisition I

ARC Group Securities Acquisition I is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol FJDI. The company was formed to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more operating businesses.

As a SPAC, ARC Group Securities Acquisition I does not conduct significant commercial operations of its own and does not offer a proprietary product or service. Its primary activity is identifying and evaluating potential acquisition targets and completing a business combination that would allow a private company to become publicly traded.

Publicly available information about the company’s specific target industries, geographic focus and leadership is limited.