Meridian3 Industrials Acquisition Corp (NASDAQ:MIACU – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 521 shares, a drop of 87.6% from the July 30th total of 4,185 shares. Based on an average trading volume of 4,111 shares, the short-interest ratio is currently 0.1 days.
Meridian3 Industrials Acquisition Stock Performance
Shares of MIACU traded up $0.01 during mid-day trading on Wednesday, reaching $9.97. 10,960 shares of the company were exchanged, compared to its average volume of 101,270. Meridian3 Industrials Acquisition has a 52 week low of $9.91 and a 52 week high of $10.48.
Meridian3 Industrials Acquisition Company Profile
Meridian3 Industrials Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Companies like Meridian3 Industrials Acquisition are typically created to identify and combine with an operating business, rather than to conduct a traditional commercial business of their own.
As a blank-check company, Meridian3 Industrials Acquisition does not have a standalone product or service portfolio.
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