Meshflow Acquisition Corp. (NASDAQ:MESH – Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 541 shares, a drop of 50.7% from the September 30th total of 1,097 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 151,493 shares, the short-interest ratio is presently 0.0 days.
Analysts Set New Price Targets
Separately, Weiss Ratings raised Meshflow Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.
Read Our Latest Research Report on Meshflow Acquisition
Meshflow Acquisition Price Performance
Meshflow Acquisition stock remained flat at $10.10 during midday trading on Friday. The company’s stock had a trading volume of 2,532 shares, compared to its average volume of 160,886. The stock’s fifty day moving average is $10.08 and its 200-day moving average is $10.00. Meshflow Acquisition has a one year low of $9.86 and a one year high of $10.13.
Meshflow Acquisition Company Profile
Meshflow Acquisition (NASDAQ:MESH) is a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with one or more operating companies. Unlike an operating business, the company does not appear to have established products, services or significant commercial operations of its own.
Its principal objective is to raise capital through a public offering and use those funds, together with other financing, to acquire or merge with a target company. The specific industry, business model and geographic focus of any prospective target may change and cannot be identified until a transaction is announced.
Because Meshflow Acquisition is primarily a vehicle for pursuing a future acquisition, information about its operating activities, customers and leadership is limited.
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