Short Interest in MESHU (NASDAQ:MESHU) Increases By 71.2%
by Teresa Graham · The Cerbat GemMESHU (NASDAQ:MESHU – Get Free Report) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 113 shares, a growth of 71.2% from the May 14th total of 66 shares. Based on an average daily volume of 192 shares, the days-to-cover ratio is presently 0.6 days.
Hedge Funds Weigh In On MESHU
A number of hedge funds have recently made changes to their positions in MESHU. Deltec Asset Management LLC acquired a new position in shares of MESHU during the fourth quarter valued at approximately $200,000. Wolverine Asset Management LLC acquired a new position in shares of MESHU during the fourth quarter valued at approximately $600,000. ABC Arbitrage SA acquired a new position in shares of MESHU during the fourth quarter valued at approximately $400,000. Wealthspring Capital LLC acquired a new position in shares of MESHU during the fourth quarter valued at approximately $5,000,000. Finally, MMCAP International Inc. SPC acquired a new position in shares of MESHU during the fourth quarter valued at approximately $15,000,000.
MESHU Price Performance
NASDAQ MESHU remained flat at $10.07 during trading hours on Monday. MESHU has a 12-month low of $9.95 and a 12-month high of $10.50. The stock has a 50 day moving average of $10.05.