RMG ML Sports Holdings (NASDAQ:SHOTU) Short Interest Update

RMG ML Sports Holdings (NASDAQ:SHOTU) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,947 shares, a decline of 44.1% from the July 30th total of 3,485 shares. Based on an average daily volume of 1,194 shares, the short-interest ratio is presently 1.6 days.

RMG ML Sports Price Performance

SHOTU stock traded down $0.01 during midday trading on Friday, hitting $9.94. The stock had a trading volume of 3,013 shares, compared to its average volume of 56,067. RMG ML Sports has a 52 week low of $9.87 and a 52 week high of $10.04. The stock’s 50-day simple moving average is $10.00.

Analyst Upgrades and Downgrades

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.