Spectral AI, Inc. (NASDAQ:MDAIW) Short Interest Update

Spectral AI, Inc. (NASDAQ:MDAIW) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 5,235 shares, an increase of 108.6% from the January 29th total of 2,509 shares. Based on an average daily trading volume, of 8,556 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 8,556 shares, the short-interest ratio is presently 0.6 days.

Spectral AI Price Performance

Shares of MDAIW stock traded down $0.01 during midday trading on Friday, reaching $0.42. 5,500 shares of the company traded hands, compared to its average volume of 14,854. The firm’s 50 day simple moving average is $0.47 and its two-hundred day simple moving average is $0.57. Spectral AI has a 1-year low of $0.22 and a 1-year high of $1.01.

About Spectral AI

Spectral AI Acquisition Corp I is a special purpose acquisition company (SPAC) incorporated in Delaware, trading on the NASDAQ under the ticker MDAIW. The entity was formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with an emphasis on companies operating in the artificial intelligence and advanced data analytics sectors.

The company’s strategy centers on identifying and completing a business combination with a target that can benefit from its public listing and access to growth capital.