RMG ML Sports Holdings (NASDAQ:SHOTU) Short Interest Update

RMG ML Sports Holdings (NASDAQ:SHOTU) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 3,485 shares, a drop of 83.8% from the July 15th total of 21,572 shares. Based on an average daily trading volume, of 30,127 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of RMG ML Sports to a “hold” rating in a research note on Saturday, June 13th.

RMG ML Sports Trading Up 0.4%

Shares of RMG ML Sports stock traded up $0.04 during trading on Thursday, hitting $10.00. 289 shares of the stock were exchanged, compared to its average volume of 73,617. The business’s 50-day simple moving average is $9.99. RMG ML Sports has a 12-month low of $9.87 and a 12-month high of $10.04.

RMG ML Sports Company Profile

We are a newly incorporated blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not identified any potential business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential business combination target.