Short Interest in Spectral AI, Inc. (NASDAQ:MDAIW) Rises By 144.6%

Spectral AI, Inc. (NASDAQ:MDAIW) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 16,888 shares, a growth of 144.6% from the June 15th total of 6,904 shares. Based on an average trading volume of 6,012 shares, the days-to-cover ratio is presently 2.8 days.

Spectral AI Stock Performance

MDAIW remained flat at $0.55 during trading on Thursday. The company had a trading volume of 4,126 shares, compared to its average volume of 14,884. The company has a 50-day simple moving average of $0.68 and a 200-day simple moving average of $0.58. Spectral AI has a twelve month low of $0.35 and a twelve month high of $1.01.

Spectral AI Company Profile

Spectral AI Acquisition Corp I is a special purpose acquisition company (SPAC) incorporated in Delaware, trading on the NASDAQ under the ticker MDAIW. The entity was formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with an emphasis on companies operating in the artificial intelligence and advanced data analytics sectors.

The company’s strategy centers on identifying and completing a business combination with a target that can benefit from its public listing and access to growth capital.