Vernal Capital Acquisition Corp. (NYSE:VECA) Sees Large Decline in Short Interest

Vernal Capital Acquisition Corp. (NYSE:VECAGet Free Report) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 1,038 shares, a decrease of 38.8% from the July 30th total of 1,695 shares. Based on an average daily trading volume, of 31,143 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VECA shares. Weiss Ratings assumed coverage on Vernal Capital Acquisition in a research report on Thursday, August 13th. They set a “sell (e-)” rating on the stock. Wall Street Zen upgraded Vernal Capital Acquisition from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Vernal Capital Acquisition has an average rating of “Sell”.

Read Our Latest Report on Vernal Capital Acquisition

Vernal Capital Acquisition Price Performance

NYSE VECA remained flat at $10.02 on Wednesday. The company had a trading volume of 1,014 shares, compared to its average volume of 15,436. The firm has a fifty day simple moving average of $9.97. Vernal Capital Acquisition has a 1-year low of $9.87 and a 1-year high of $11.01.

About Vernal Capital Acquisition

(Get Free Report)

Vernal Capital Acquisition Corp. is a blank check company. It formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Vernal Capital Acquisition Corp. is based in New York.

Further Reading

Receive News & Ratings for Vernal Capital Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vernal Capital Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.