Karman Line Acquisition Corp. (NASDAQ:XTER) Stock Short Interest Falls 41.2%

Karman Line Acquisition Corp. (NASDAQ:XTER) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 1,428 shares, a decline of 41.2% from the September 15th total of 2,430 shares. Based on an average trading volume of 21,540 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Karman Line Acquisition to a “hold” rating in a report on Wednesday, September 2nd.

Karman Line Acquisition Stock Down 0.1%

NASDAQ XTER opened at $9.77 on Friday. Karman Line Acquisition has a 12 month low of $9.77 and a 12 month high of $9.90.

About Karman Line Acquisition

Karman Line Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol XTER. The company was formed to identify and complete a business combination, such as a merger, acquisition, or similar transaction, with one or more operating businesses.

Unlike an operating company, Karman Line Acquisition does not currently manufacture products or provide services to customers. Its activities are focused on evaluating potential acquisition targets, completing due diligence, and pursuing a transaction intended to create a publicly traded operating company.

Until it completes a business combination, the company’s business is generally limited to organizational, regulatory, and transaction-related activities.