Melar Acquisition Corp. I (NASDAQ:MACIU) Short Interest Update

Melar Acquisition Corp. I (NASDAQ:MACIU – Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 111 shares, a decrease of 73.5% from the August 15th total of 419 shares. Based on an average trading volume of 39 shares, the short-interest ratio is currently 2.8 days.

Melar Acquisition Corp. I Price Performance

Shares of NASDAQ MACIU remained flat at $11.25 during midday trading on Friday. Melar Acquisition Corp. I has a 52 week low of $10.69 and a 52 week high of $20.00. The company’s 50-day simple moving average is $11.23 and its two-hundred day simple moving average is $11.32.

Melar Acquisition Corp. I Company Profile

(Get Free Report)

Melar Acquisition Corp. I is a special purpose acquisition company (“SPAC”) organized as a Delaware corporation to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank check company, it holds its proceeds in a trust account pending approval of a business combination by its shareholders. Melar Acquisition Corp. I operates with no revenues or commercial operations of its own until completion of its initial acquisition.

In 2021, Melar Acquisition Corp.

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