New America Acquisition I Corp. (NYSE:NWAX) Short Interest Up 58.9% in May

by · The Markets Daily

New America Acquisition I Corp. (NYSE:NWAX – Get Free Report) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 32,981 shares, a growth of 58.9% from the May 14th total of 20,756 shares. Based on an average daily trading volume, of 37,405 shares, the short-interest ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are sold short.

New America Acquisition I Trading Up 0.1%

NYSE NWAX traded up $0.01 during mid-day trading on Tuesday, hitting $10.14. The company’s stock had a trading volume of 34,989 shares, compared to its average volume of 78,695. The firm’s 50 day moving average price is $10.10. New America Acquisition I has a twelve month low of $9.68 and a twelve month high of $10.39.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on New America Acquisition I in a research note on Friday, May 22nd. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, New America Acquisition I presently has an average rating of “Sell”.

Read Our Latest Stock Analysis on New America Acquisition I

New America Acquisition I Company Profile

(Get Free Report)

New America Acquisition I Corp is a blank check company formed 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 it refers to throughout this prospectus as its initial Business Combination.

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