RMG ML Sports Holdings (NASDAQ:SHOTU) Stock Short Interest Jumps 136.0%

RMG ML Sports Holdings (NASDAQ:SHOTU) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 6,876 shares, an increase of 136.0% from the August 31st total of 2,914 shares. Based on an average daily trading volume, of 3,837 shares, the days-to-cover ratio is currently 1.8 days.

RMG ML Sports Trading Up 0.2%

SHOTU traded up $0.02 during midday trading on Friday, hitting $9.99. 2,000 shares of the company were exchanged, compared to its average volume of 40,778. RMG ML Sports has a 1-year low of $9.87 and a 1-year high of $10.04. The business has a 50 day moving average price of $9.99.

Analyst Upgrades and Downgrades

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

About RMG ML Sports

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.