Market Technology Acquisition Corp (NASDAQ:MTAK) Sees Large Increase in Short Interest

Market Technology Acquisition Corp (NASDAQ:MTAK) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 782 shares. Based on an average daily trading volume, of 27,471 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Market Technology Acquisition to a “hold” rating in a research report on Saturday, September 19th.

Market Technology Acquisition Stock Performance

Market Technology Acquisition stock traded down $0.01 during mid-day trading on Wednesday, reaching $9.86. 69,653 shares of the company were exchanged, compared to its average volume of 44,309. Market Technology Acquisition has a 12-month low of $9.83 and a 12-month high of $10.00.

About Market Technology Acquisition

Market Technology Acquisition Corp. is a special purpose acquisition company (SPAC) focused on identifying and completing a business combination with one or more businesses. The company does not operate a conventional commercial business and was formed to raise capital through a public offering before pursuing a merger, acquisition, or similar transaction.

As a blank check company, Market Technology Acquisition Corp. may evaluate potential targets across technology-related and other industries, subject to the terms of its formation documents and the transaction approved by its shareholders.