Mountain Lake Acquisition Corp. II (NASDAQ:MLAA – Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 6,815 shares, a drop of 44.1% from the May 14th total of 12,199 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 407,611 shares, the short-interest ratio is currently 0.0 days.
Mountain Lake Acquisition Corp. II Stock Up 0.1%
Shares of NASDAQ MLAA traded up $0.01 during midday trading on Monday, reaching $9.95. The company’s stock had a trading volume of 7,069 shares, compared to its average volume of 152,563. Mountain Lake Acquisition Corp. II has a fifty-two week low of $9.40 and a fifty-two week high of $11.20. The stock has a 50 day simple moving average of $9.97.
Analyst Ratings Changes
MLAA has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Mountain Lake Acquisition Corp. II to a “hold” rating in a report on Sunday, April 26th. Weiss Ratings initiated coverage on shares of Mountain Lake Acquisition Corp. II in a report on Friday. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.
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