Mountain Crest Acquisition 6 Corp. Units (NASDAQ:MCAHU) Short Interest Down 82.2% in June

Mountain Crest Acquisition 6 Corp. Units (NASDAQ:MCAHU) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 586 shares, a drop of 82.2% from the June 15th total of 3,286 shares. Based on an average daily trading volume, of 11,866 shares, the days-to-cover ratio is presently 0.0 days.

Mountain Crest Acquisition 6 Corp. Units Price Performance

Mountain Crest Acquisition 6 Corp. Units stock traded down $0.20 during mid-day trading on Friday, hitting $10.19. 165 shares of the company’s stock traded hands, compared to its average volume of 31,543. The company has a 50 day moving average of $10.12. Mountain Crest Acquisition 6 Corp. Units has a fifty-two week low of $9.98 and a fifty-two week high of $11.00.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Mountain Crest Acquisition 6 Corp. Units to a “hold” rating in a research note on Saturday, May 9th.

Insider Buying and Selling

In other Mountain Crest Acquisition 6 Corp. Units news, CEO Suying Liu purchased 25,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of $10.00 per share, with a total value of $250,000.00. Following the purchase, the chief executive officer directly owned 2,982,143 shares of the company’s stock, valued at $29,821,430. The trade was a 0.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.