Miluna Acquisition Corp (NASDAQ:MMTX) Sees Large Increase in Short Interest

Miluna Acquisition Corp (NASDAQ:MMTX) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,510 shares, a growth of 52.1% from the August 31st total of 993 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 18,368 shares, the days-to-cover ratio is currently 0.1 days.

Miluna Acquisition Stock Up 0.2%

NASDAQ MMTX opened at $10.23 on Friday. The company has a market capitalization of $90.36 million and a PE ratio of 9,747.62. The business’s fifty day simple moving average is $10.17. Miluna Acquisition has a fifty-two week low of $9.88 and a fifty-two week high of $10.21.

Institutional Trading of Miluna Acquisition

Large investors have recently bought and sold shares of the stock. Whitebox Advisors LLC acquired a new stake in shares of Miluna Acquisition during the 1st quarter worth about $4,004,000. Polar Asset Management Partners Inc. bought a new stake in shares of Miluna Acquisition in the 1st quarter worth about $3,704,000. Finally, Sona Asset Management US LLC acquired a new stake in shares of Miluna Acquisition in the 1st quarter worth about $1,177,000.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Miluna Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Miluna Acquisition Company Profile

Miluna Acquisition Corp. (NASDAQ: MMTX) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses.

Rather than providing products or services directly, the company’s activities have centered on evaluating potential targets and pursuing a merger, acquisition, share exchange, asset acquisition, reorganization, or similar transaction. Its investment focus, operating geography, and target industry may depend on the terms of any completed or proposed transaction.

Publicly available information about Miluna Acquisition Corp.’s operating history, leadership, and business activities is limited.