RMG ML Sports Holdings (NASDAQ:SHOTU) Short Interest Down 83.8% in July

RMG ML Sports Holdings (NASDAQ:SHOTU) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 3,485 shares, a decline of 83.8% from the July 15th total of 21,572 shares. Based on an average daily volume of 30,127 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised RMG ML Sports to a “hold” rating in a research report on Saturday, June 13th.

RMG ML Sports Stock Up 0.4%

SHOTU stock traded up $0.04 during midday trading on Wednesday, reaching $10.00. The company had a trading volume of 289 shares, compared to its average volume of 73,617. The company’s 50 day moving average price is $9.99. RMG ML Sports has a 1 year low of $9.87 and a 1 year high of $10.04.

RMG ML Sports Company Profile

We are a newly incorporated blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not identified any potential business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential business combination target.