Mercator Acquisition Corp. (NASDAQ:MRCO – Get Free Report) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 1,636 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average daily trading volume, of 20,798 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.
Mercator Acquisition Stock Down 0.1%
Shares of NASDAQ MRCO opened at $9.88 on Tuesday. Mercator Acquisition has a 52 week low of $9.83 and a 52 week high of $9.93.
About Mercator Acquisition
Mercator Acquisition Corporation (NASDAQ: MRCO) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination, such as a merger, share purchase, reorganization or similar transaction, with one or more operating businesses.
Unlike an operating company, Mercator Acquisition does not currently offer its own products or services. Its activities are focused on evaluating potential acquisition targets, conducting due diligence and pursuing a transaction that would allow the combined company to operate as a publicly traded business.
Publicly available information does not establish a specific industry focus, geographic market or operating business for Mercator Acquisition.
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