Meridian3 Industrials Acquisition Corp (NASDAQ:MIACU – Get Free Report) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 521 shares, a drop of 87.6% from the July 30th total of 4,185 shares. Based on an average daily trading volume, of 4,111 shares, the days-to-cover ratio is currently 0.1 days.
Meridian3 Industrials Acquisition Price Performance
Meridian3 Industrials Acquisition stock traded up $0.11 during trading hours on Friday, hitting $10.05. The company had a trading volume of 3,948 shares, compared to its average volume of 93,201. Meridian3 Industrials Acquisition has a 1 year low of $9.91 and a 1 year high of $10.48.
About Meridian3 Industrials Acquisition
Meridian3 Industrials Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Companies like Meridian3 Industrials Acquisition are typically created to identify and combine with an operating business, rather than to conduct a traditional commercial business of their own.
As a blank-check company, Meridian3 Industrials Acquisition does not have a standalone product or service portfolio.
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