New America Acquisition I Corp. (NYSE:NWAX) Sees Significant Increase in Short Interest

New America Acquisition I Corp. (NYSE:NWAX) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 32,981 shares, a growth of 58.9% from the May 14th total of 20,756 shares. Based on an average trading volume of 37,405 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.1% of the company’s stock are sold short.

New America Acquisition I Trading Up 0.2%

Shares of New America Acquisition I stock traded up $0.02 on Wednesday, reaching $10.15. 1,000 shares of the company were exchanged, compared to its average volume of 78,764. New America Acquisition I has a 1-year low of $9.68 and a 1-year high of $10.39. The stock has a 50-day moving average price of $10.10.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on shares of New America Acquisition I in a report on Friday, May 22nd. They issued a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, New America Acquisition I has a consensus rating of “Sell”.

New America Acquisition I Company Profile

New America Acquisition I Corp is a blank check company formed 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 it refers to throughout this prospectus as its initial Business Combination.