ARC Group Acquisition I Corp Unit (NASDAQ:ARCLU) Sees Large Decrease in Short Interest

ARC Group Acquisition I Corp Unit (NASDAQ:ARCLU) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 452 shares, a decline of 87.9% from the May 31st total of 3,745 shares. Based on an average daily trading volume, of 3,644 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded ARC Group Acquisition I Corp Unit to a “hold” rating in a report on Saturday, May 9th.

ARC Group Acquisition I Corp Unit Stock Performance

Shares of NASDAQ:ARCLU remained flat at $10.21 during midday trading on Friday. 10,893 shares of the stock traded hands, compared to its average volume of 56,789. ARC Group Acquisition I Corp Unit has a one year low of $10.01 and a one year high of $10.50. The business has a 50 day moving average price of $10.17.