RMG ML Sports Holdings (NASDAQ:SHOTU) Short Interest Up 356.9% in July

RMG ML Sports Holdings (NASDAQ:SHOTU) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 21,572 shares, an increase of 356.9% from the June 30th total of 4,721 shares. Based on an average daily volume of 13,513 shares, the short-interest ratio is presently 1.6 days.

RMG ML Sports Stock Down 0.1%

Shares of RMG ML Sports stock opened at $10.01 on Tuesday. RMG ML Sports has a 1-year low of $9.87 and a 1-year high of $10.04.

Analysts Set New Price Targets

Separately, Wall Street Zen raised RMG ML Sports to a “hold” rating in a report on Saturday, June 13th.

RMG ML Sports Company Profile

We are a newly incorporated blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not identified any potential business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential business combination target.