Three Lions Acquisition Corp. (NASDAQ:TLACU) Sees Large Increase in Short Interest

Three Lions Acquisition Corp. (NASDAQ:TLACU) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,293 shares. Based on an average daily trading volume, of 427,853 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Three Lions Acquisition to a “hold” rating in a research report on Saturday, September 12th.

Three Lions Acquisition Price Performance

Shares of NASDAQ TLACU traded down $0.10 during midday trading on Tuesday, reaching $10.05. 313 shares of the company were exchanged, compared to its average volume of 36,889. Three Lions Acquisition has a 1 year low of $9.94 and a 1 year high of $10.18.

Three Lions Acquisition Company Profile

Three Lions Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol TLACU. The company was formed to identify and complete a business combination with one or more operating businesses.

As a blank-check company, Three Lions Acquisition does not have significant operating products or services of its own. Its activities primarily involve seeking a merger, share exchange, asset acquisition, reorganization or similar transaction with a target company.

Specific information about the company’s target industry, geographic operations and leadership is limited.