Miluna Acquisition Corp (NASDAQ:MMTX) Sees Significant Decline in Short Interest

by · The Markets Daily

Miluna Acquisition Corp (NASDAQ:MMTX – Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 993 shares, a decrease of 63.8% from the August 15th total of 2,746 shares. Based on an average daily trading volume, of 26,942 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Miluna Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Read Our Latest Research Report on MMTX

Miluna Acquisition Stock Up 0.1%

Shares of NASDAQ:MMTX traded up $0.01 during midday trading on Friday, hitting $10.20. The stock had a trading volume of 4,336 shares, compared to its average volume of 33,227. The company’s 50 day moving average price is $10.15. Miluna Acquisition has a 1 year low of $9.88 and a 1 year high of $10.21. The stock has a market cap of $90.00 million and a P/E ratio of 9,709.52.

Hedge Funds Weigh In On Miluna Acquisition

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sona Asset Management US LLC acquired a new position in shares of Miluna Acquisition in the first quarter worth $1,177,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Miluna Acquisition in the first quarter worth approximately $3,704,000. Finally, Whitebox Advisors LLC purchased a new stake in Miluna Acquisition in the first quarter valued at approximately $4,004,000.

Miluna Acquisition Company Profile

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Miluna Acquisition Corp is a blank check company.

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