Spectral AI, Inc. (NASDAQ:MDAIW) Sees Significant Decrease in Short Interest

Spectral AI, Inc. (NASDAQ:MDAIW) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 2,509 shares, a decrease of 59.3% from the January 15th total of 6,170 shares. Based on an average trading volume of 28,889 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 28,889 shares, the short-interest ratio is presently 0.1 days.

Spectral AI Stock Performance

NASDAQ:MDAIW remained flat at $0.45 during mid-day trading on Thursday. 14,849 shares of the company were exchanged, compared to its average volume of 17,422. Spectral AI has a 1-year low of $0.22 and a 1-year high of $1.01. The business’s 50 day moving average is $0.47 and its two-hundred day moving average is $0.59.

About Spectral AI

Spectral AI Acquisition Corp I is a special purpose acquisition company (SPAC) incorporated in Delaware, trading on the NASDAQ under the ticker MDAIW. The entity was formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with an emphasis on companies operating in the artificial intelligence and advanced data analytics sectors.

The company’s strategy centers on identifying and completing a business combination with a target that can benefit from its public listing and access to growth capital.