Mountain Crest Acquisition 6 Corp. Units (NASDAQ:MCAHU) Short Interest Update

Mountain Crest Acquisition 6 Corp. Units (NASDAQ:MCAHU) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 4,840 shares, a drop of 41.1% from the May 14th total of 8,222 shares. Based on an average daily volume of 10,843 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Mountain Crest Acquisition 6 Corp. Units to a “hold” rating in a research note on Saturday, May 9th.

Mountain Crest Acquisition 6 Corp. Units Price Performance

MCAHU stock opened at $10.04 on Wednesday. Mountain Crest Acquisition 6 Corp. Units has a twelve month low of $9.98 and a twelve month high of $10.12.

Insider Activity

In other news, CEO Suying Liu acquired 25,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were bought at an average price of $10.00 per share, for a total transaction of $250,000.00. Following the completion of the purchase, the chief executive officer directly owned 2,982,143 shares of the company’s stock, valued at approximately $29,821,430. This trade represents a 0.85% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.