SOCAU (NASDAQ:SOCAU – Get Free Report) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 1 shares, a decline of 88.9% from the September 30th total of 9 shares. Based on an average daily volume of 188 shares, the days-to-cover ratio is currently 0.0 days.
SOCAU Trading Up 3.0%
Shares of SOCAU stock traded up $0.31 on Monday, reaching $10.69. 1,612 shares of the company were exchanged, compared to its average volume of 1,938. SOCAU has a one year low of $10.00 and a one year high of $12.00. The company has a 50-day moving average of $10.49 and a 200 day moving average of $10.39.
SOCAU Company Profile
Socal Acquisition Corporation (NASDAQ: SOCAU) is a special purpose acquisition company (SPAC), also known as a blank-check company. It was formed to pursue a business combination with an existing private company, such as a merger, stock purchase, asset acquisition, or similar transaction.
As a SPAC, Socal Acquisition Corporation does not have a traditional operating business, products, or services of its own. Its activities are focused on identifying a potential target company, completing due diligence, and negotiating and carrying out a qualifying transaction.
The company’s units trade under the SOCAU symbol and are associated with securities issued in connection with its initial public offering.
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