Short Interest in Karman Line Acquisition Corp. (NASDAQ:XTERU) Increases By ∞
by Mitch Edgeman · The Markets DailyKarman Line Acquisition Corp. (NASDAQ:XTERU – Get Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,374 shares, an increase of ∞ from the August 15th total of 0 shares. Based on an average daily volume of 927,730 shares, the days-to-cover ratio is presently 0.0 days.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised Karman Line Acquisition to a “hold” rating in a research note on Saturday, August 29th.
Check Out Our Latest Analysis on XTERU
Karman Line Acquisition Price Performance
Shares of XTERU opened at $9.94 on Tuesday. Karman Line Acquisition has a 52 week low of $9.92 and a 52 week high of $10.00.
Karman Line Acquisition Company Profile
Karman Line Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
As a SPAC, Karman Line Acquisition does not have an established operating business, product portfolio or geographic customer base of its own. Its primary activities are evaluating potential acquisition targets and seeking shareholder approval for a proposed transaction.
Publicly available information about the company’s specific acquisition criteria, leadership and target industries is limited.