Short Interest in Shreya Acquisition Group (NYSE:SAGU) Declines By 81.6%

by · The Markets Daily

Shreya Acquisition Group (NYSE:SAGU – Get Free Report) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,121 shares, a drop of 81.6% from the July 30th total of 6,096 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 8,196 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings started coverage on shares of Shreya Acquisition Group in a report on Tuesday, August 18th. They set a “sell (e)” rating for the company. Wall Street Zen upgraded shares of Shreya Acquisition Group to a “hold” rating in a research note on Saturday, May 30th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Read Our Latest Report on SAGU

Shreya Acquisition Group Price Performance

Shares of SAGU stock remained flat at $10.01 on Friday. The company had a trading volume of 112,783 shares, compared to its average volume of 72,704. The firm has a 50 day moving average of $9.94. Shreya Acquisition Group has a 12-month low of $9.85 and a 12-month high of $10.05.

About Shreya Acquisition Group

(Get Free Report)

Shreya Acquisition Group is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Shreya Acquisition Group is based in NEW YORK.

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