Short Interest in Vernal Capital Acquisition Corp. (NYSE:VECA) Declines By 38.8%

Vernal Capital Acquisition Corp. (NYSE:VECA) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,038 shares, a decrease of 38.8% from the July 30th total of 1,695 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 31,143 shares, the days-to-cover ratio is currently 0.0 days.

Vernal Capital Acquisition Price Performance

Shares of NYSE VECA opened at $10.02 on Monday. Vernal Capital Acquisition has a twelve month low of $9.87 and a twelve month high of $11.01. The firm’s fifty day moving average price is $9.97.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on VECA shares. Weiss Ratings assumed coverage on Vernal Capital Acquisition in a research report on Thursday, August 13th. They set a “sell (e-)” rating for the company. Wall Street Zen raised shares of Vernal Capital Acquisition from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About Vernal Capital Acquisition

Vernal Capital Acquisition Corp. is a blank check company. It formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Vernal Capital Acquisition Corp. is based in New York.