Miluna Acquisition Corp (NASDAQ:MMTX) Shares Shorted: Short Interest Down 33.5% in October

Miluna Acquisition Corp (NASDAQ:MMTX) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 761 shares, a decline of 33.5% from the September 30th total of 1,144 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 13,946 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Miluna Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MMTX. Whitebox Advisors LLC acquired a new position in Miluna Acquisition during the 1st quarter valued at approximately $4,004,000. Polar Asset Management Partners Inc. bought a new stake in shares of Miluna Acquisition during the 1st quarter worth $3,704,000. Finally, Sona Asset Management US LLC acquired a new stake in shares of Miluna Acquisition during the first quarter valued at approximately $1,177,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Miluna Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Miluna Acquisition Stock Up 0.1%

Miluna Acquisition stock opened at $10.28 on Wednesday. The stock’s 50 day moving average is $10.22. Miluna Acquisition has a twelve month low of $9.88 and a twelve month high of $10.28. The firm has a market cap of $90.75 million and a PE ratio of 9,790.48.

About Miluna Acquisition

Miluna Acquisition Corporation (NASDAQ: MMTX) is a special purpose acquisition company, or SPAC. Rather than operating a conventional business that sells products or services, the company was formed to pursue a merger, acquisition, or similar business combination with one or more operating companies.

Miluna Acquisition’s activities are primarily focused on identifying and evaluating potential acquisition targets, negotiating transaction terms, and completing a business combination. Until such a transaction is completed, the company generally does not have significant operating activities, commercial products, or established geographic markets.

Information about Miluna Acquisition’s specific target industry, operating subsidiaries, products, geographic presence, and leadership is limited.