Short Interest in Suncrete (NASDAQ:RMIX) Expands By 78.5%

Suncrete (NASDAQ:RMIX) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 441,408 shares, an increase of 78.5% from the May 31st total of 247,304 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 491,850 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RMIX. William Blair assumed coverage on Suncrete in a research note on Monday, May 4th. They issued an “outperform” rating for the company. Robert W. Baird started coverage on Suncrete in a report on Wednesday, May 27th. They issued an “outperform” rating and a $21.00 price objective for the company. Wall Street Zen raised Suncrete to a “sell” rating in a research report on Saturday, June 13th. Jefferies Financial Group started coverage on shares of Suncrete in a research note on Friday, May 1st. They set a “buy” rating and a $19.00 target price on the stock. Finally, Roth Mkm assumed coverage on shares of Suncrete in a report on Thursday, May 14th. They set a “buy” rating and a $21.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $21.75.

Suncrete Stock Down 2.7%

Shares of RMIX opened at $21.93 on Thursday. The company’s fifty day moving average is $18.28. Suncrete has a 1-year low of $9.20 and a 1-year high of $25.50.

Suncrete Company Profile

Haymaker Acquisition Corp. 4 is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. Haymaker Acquisition Corp. 4 is based in New York.