Meshflow Acquisition Corp. (NASDAQ:MESH) Shares Shorted: Short Interest Down 68.5% in September

Meshflow Acquisition Corp. (NASDAQ:MESH) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 843 shares, a decline of 68.5% from the August 31st total of 2,678 shares. Based on an average daily trading volume, of 324,900 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Meshflow Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Meshflow Acquisition Stock Down 0.1%

Shares of MESH traded down $0.01 during trading hours on Friday, reaching $10.07. 53,451 shares of the stock traded hands, compared to its average volume of 242,749. Meshflow Acquisition has a 52 week low of $9.86 and a 52 week high of $10.13. The stock has a fifty day simple moving average of $10.05 and a 200 day simple moving average of $9.98.

Meshflow Acquisition Company Profile

Meshflow Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol MESH. The company was formed to identify and complete a business combination, such as a merger, stock purchase, or similar transaction, with an operating company.

Unlike an operating business, Meshflow Acquisition does not currently manufacture products or provide services to customers. Its activities are focused on raising capital, evaluating potential acquisition targets, and negotiating and completing a transaction that would result in a combined public company.

Publicly available information provides limited detail about the company’s intended industry focus, geographic markets, and leadership.