Suncrete (NASDAQ:RMIX) Short Interest Up 192.0% in June

Suncrete (NASDAQ:RMIX) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 1,289,037 shares, an increase of 192.0% from the June 15th total of 441,408 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average trading volume of 794,798 shares, the days-to-cover ratio is currently 1.6 days.

Wall Street Analysts Forecast Growth

RMIX has been the topic of several analyst reports. Wall Street Zen raised shares of Suncrete to a “sell” rating in a research note on Saturday, June 13th. William Blair initiated coverage on shares of Suncrete in a research note on Monday, May 4th. They issued an “outperform” rating for the company. B. Riley Financial began coverage on Suncrete in a research note on Wednesday, June 24th. They set a “buy” rating and a $26.00 price target on the stock. Robert W. Baird assumed coverage on shares of Suncrete in a research note on Wednesday, May 27th. They issued an “outperform” rating and a $21.00 price objective on the stock. Finally, Roth Capital assumed coverage on Suncrete in a research report on Thursday, May 14th. They set a “buy” rating and a $21.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Suncrete currently has a consensus rating of “Buy” and an average target price of $21.75.

Suncrete Stock Performance

Shares of NASDAQ:RMIX traded down $0.17 during midday trading on Tuesday, reaching $19.73. 219,688 shares of the company traded hands, compared to its average volume of 388,461. The business’s fifty day moving average price is $19.15. Suncrete has a 12 month low of $9.20 and a 12 month high of $25.50.

Suncrete (NASDAQ:RMIX) last posted its earnings results on Friday, May 15th. The company reported ($0.60) EPS for the quarter. The company had revenue of ($14.49) million during the quarter. Equities analysts predict that Suncrete will post 0.21 EPS for the current fiscal year.

About Suncrete

Haymaker Acquisition Corp. 4 is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. Haymaker Acquisition Corp. 4 is based in New York.