Vernal Capital Acquisition Corp. (NYSE:VECA) Short Interest Up 141.8% in July

Vernal Capital Acquisition Corp. (NYSE:VECA) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 1,695 shares, a growth of 141.8% from the July 15th total of 701 shares. Based on an average daily trading volume, of 24,340 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Vernal Capital Acquisition Price Performance

VECA traded down $0.01 during trading on Friday, hitting $9.99. The company had a trading volume of 106 shares, compared to its average volume of 16,040. Vernal Capital Acquisition has a 1-year low of $9.87 and a 1-year high of $11.01. The stock has a 50-day moving average of $9.97.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Weiss Ratings assumed coverage on shares of Vernal Capital Acquisition in a research report on Thursday. They issued a “sell (e-)” rating for the company. Wall Street Zen upgraded Vernal Capital Acquisition from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Vernal Capital Acquisition Company Profile

Vernal Capital Acquisition Corp. is a blank check company. It formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Vernal Capital Acquisition Corp. is based in New York.