Abony Acquisition Corp. I (NASDAQ:AACO) Stock Short Interest Drops 98.7%

Abony Acquisition Corp. I (NASDAQ:AACO) was the target of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 262 shares, a decrease of 98.7% from the October 15th total of 20,880 shares. Based on an average daily volume of 12,768 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Abony Acquisition Corp. I Stock Performance

AACO traded down $0.00 during trading hours on Tuesday, hitting $10.05. The stock had a trading volume of 369 shares, compared to its average volume of 37,344. Abony Acquisition Corp. I has a 1 year low of $9.84 and a 1 year high of $10.05. The firm’s fifty day simple moving average is $10.00.

Analyst Ratings Changes

Separately, Weiss Ratings raised Abony Acquisition Corp. I from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, October 2nd. 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”.

About Abony Acquisition Corp. I

Abony Acquisition Corp. I is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol AACO. The company was established to identify and complete a business combination, such as a merger, share exchange, asset acquisition, reorganization or similar transaction, with one or more operating businesses. Unlike an operating company, Abony Acquisition Corp. I does not have a portfolio of commercial products or services. Its activities are focused on raising capital through its public listing, evaluating potential acquisition opportunities and seeking to combine with a target company.