Mountain Lake Acquisition Corp. II (NASDAQ:MLAA) Sees Large Decline in Short Interest

Mountain Lake Acquisition Corp. II (NASDAQ:MLAA) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 1,230 shares, a decline of 35.3% from the June 15th total of 1,902 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,310 shares, the days-to-cover ratio is presently 0.2 days.

Mountain Lake Acquisition Corp. II Stock Down 0.1%

NASDAQ:MLAA traded down $0.01 during trading hours on Friday, hitting $9.95. The company’s stock had a trading volume of 3,748 shares, compared to its average volume of 120,416. The stock has a fifty day simple moving average of $9.97. Mountain Lake Acquisition Corp. II has a twelve month low of $9.40 and a twelve month high of $11.20.

Wall Street Analyst Weigh In

MLAA has been the topic of several analyst reports. Weiss Ratings began coverage on shares of Mountain Lake Acquisition Corp. II in a research report on Friday, June 12th. They set a “sell (e)” rating on the stock. Wall Street Zen upgraded shares of Mountain Lake Acquisition Corp. II to a “hold” rating in a research report on Sunday, April 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.