A SPAC I Acquisition Corp. (NASDAQ:ASCAW) Sees Large Decrease in Short Interest

A SPAC I Acquisition Corp. (NASDAQ:ASCAW) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 16,000 shares, a decrease of 51.1% from the February 29th total of 32,700 shares. Based on an average trading volume of 43,300 shares, the short-interest ratio is currently 0.4 days.

A SPAC I Acquisition Stock Performance

Shares of A SPAC I Acquisition stock opened at $0.04 on Friday. A SPAC I Acquisition has a 1 year low of $0.01 and a 1 year high of $0.10. The firm’s 50-day simple moving average is $0.03 and its 200-day simple moving average is $0.02.

A SPAC I Acquisition Company Profile

A SPAC I Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the technology, media, and telecom industries in the United States and Asia.