Miluna Acquisition Corp (NASDAQ:MMTX) Sees Significant Decline in Short Interest

Miluna Acquisition Corp (NASDAQ:MMTX) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 993 shares, a decrease of 63.8% from the August 15th total of 2,746 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 26,942 shares, the short-interest ratio is currently 0.0 days.

Miluna Acquisition Trading Up 0.1%

NASDAQ MMTX traded up $0.01 during mid-day trading on Friday, reaching $10.20. 4,336 shares of the company’s stock traded hands, compared to its average volume of 33,227. The firm’s fifty day simple moving average is $10.15. The stock has a market capitalization of $90.00 million and a P/E ratio of 9,709.52. Miluna Acquisition has a 1-year low of $9.88 and a 1-year high of $10.21.

Institutional Investors Weigh In On Miluna Acquisition

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sona Asset Management US LLC bought a new stake in shares of Miluna Acquisition during the 1st quarter valued at about $1,177,000. Polar Asset Management Partners Inc. acquired a new position in Miluna Acquisition during the 1st quarter worth $3,704,000. Finally, Whitebox Advisors LLC bought a new position in Miluna Acquisition in the 1st quarter valued at about $4,004,000.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Miluna Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Miluna Acquisition Company Profile

Miluna Acquisition Corp is a blank check company.