Averin Capital Acquisition Corp. (NASDAQ:ACAA) Sees Large Growth in Short Interest

Averin Capital Acquisition Corp. (NASDAQ:ACAA) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 5,259 shares, an increase of 460.1% from the October 15th total of 939 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 175,014 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Averin Capital Acquisition in a research report on Wednesday, November 4th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Averin Capital Acquisition Trading Up 0.1%

ACAA opened at $10.06 on Wednesday. The company’s 50-day moving average is $10.03. Averin Capital Acquisition has a 52-week low of $9.56 and a 52-week high of $10.23.

Averin Capital Acquisition Company Profile

Averin Capital Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq Capital Market under the symbol ACAA. The company was formed to identify and combine with one or more operating businesses through a merger, share exchange, asset acquisition, share purchase, recapitalization, or similar transaction. As a SPAC, Averin Capital Acquisition does not operate a conventional product or service business. Its activities are primarily focused on raising capital through an initial public offering, placing the proceeds into a trust account, and evaluating potential acquisition targets.