Mountain Lake Acquisition Corp. II (NASDAQ:MLAA – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,230 shares, a drop of 35.3% from the June 15th total of 1,902 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 7,310 shares, the short-interest ratio is presently 0.2 days.
Mountain Lake Acquisition Corp. II Stock Down 0.1%
MLAA opened at $9.94 on Friday. Mountain Lake Acquisition Corp. II has a 1 year low of $9.40 and a 1 year high of $11.20. The company’s fifty day moving average price is $9.96.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the company. Weiss Ratings initiated coverage on Mountain Lake Acquisition Corp. II in a research note on Friday, June 12th. They issued a “sell (e)” rating for the company. Wall Street Zen raised Mountain Lake Acquisition Corp. II to a “hold” rating in a research note on Sunday, April 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.
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