Shreya Acquisition Group (NYSE:SAGU) Sees Significant Growth in Short Interest

Shreya Acquisition Group (NYSE:SAGU) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 6,096 shares, an increase of 59.0% from the July 15th total of 3,835 shares. Based on an average trading volume of 5,167 shares, the short-interest ratio is presently 1.2 days. Approximately 0.1% of the shares of the stock are short sold.

Shreya Acquisition Group Stock Up 0.2%

Shares of NYSE:SAGU opened at $9.96 on Thursday. Shreya Acquisition Group has a 52-week low of $9.85 and a 52-week high of $10.05. The stock has a fifty day moving average of $9.92.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SAGU. Weiss Ratings started coverage on Shreya Acquisition Group in a research report on Tuesday. They set a “sell (e)” rating for the company. Wall Street Zen raised shares of Shreya Acquisition Group to a “hold” rating in a research note on Saturday, May 30th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Shreya Acquisition Group Company Profile

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.