Short Interest in Vernal Capital Acquisition Corp. (NYSE:VECA) Decreases By 67.6%

Vernal Capital Acquisition Corp. (NYSE:VECA) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,757 shares, a decrease of 67.6% from the May 31st total of 5,431 shares. Based on an average daily volume of 31,373 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Vernal Capital Acquisition from a “sell” rating to a “hold” rating in a report on Sunday, May 31st.

Vernal Capital Acquisition Stock Performance

VECA traded down $0.03 during trading hours on Tuesday, hitting $9.93. The company’s stock had a trading volume of 2,026 shares, compared to its average volume of 115,787. Vernal Capital Acquisition has a 12 month low of $9.88 and a 12 month high of $11.01.