Meridian3 Industrials Acquisition Corp (NASDAQ:MIACU) Short Interest Down 57.4% in July

by · The Cerbat Gem

Meridian3 Industrials Acquisition Corp (NASDAQ:MIACU – Get Free Report) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 4,185 shares, a drop of 57.4% from the July 15th total of 9,813 shares. Based on an average daily trading volume, of 38,635 shares, the days-to-cover ratio is presently 0.1 days.

Meridian3 Industrials Acquisition Price Performance

Shares of MIACU remained flat at $9.97 during trading on Friday. 20 shares of the company’s stock were exchanged, compared to its average volume of 120,290. Meridian3 Industrials Acquisition has a 1-year low of $9.91 and a 1-year high of $10.48.

Meridian3 Industrials Acquisition Company Profile

(Get Free Report)

Meridian3 Industrials Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Companies like Meridian3 Industrials Acquisition are typically created to identify and combine with an operating business, rather than to conduct a traditional commercial business of their own.

As a blank-check company, Meridian3 Industrials Acquisition does not have a standalone product or service portfolio.

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