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

Shreya Acquisition Group (NYSE:SAGU) 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”.

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

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.