Mountain Crest Acquisition 6 Corp. Units (NASDAQ:MCAHU) Sees Significant Growth in Short Interest

Mountain Crest Acquisition 6 Corp. Units (NASDAQ:MCAHU) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 8,222 shares, a growth of ∞ from the April 30th total of 0 shares. Based on an average daily volume of 84,036 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Mountain Crest Acquisition 6 Corp. Units to a “hold” rating in a report on Saturday, May 9th.

Mountain Crest Acquisition 6 Corp. Units Stock Performance

Shares of MCAHU stock traded up $0.02 during mid-day trading on Monday, hitting $10.09. 32,147 shares of the company’s stock were exchanged, compared to its average volume of 50,821. Mountain Crest Acquisition 6 Corp. Units has a fifty-two week low of $9.98 and a fifty-two week high of $10.10.

Insiders Place Their Bets

In other news, CEO Suying Liu acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $10.00 per share, with a total value of $250,000.00. Following the purchase, the chief executive officer directly owned 2,982,143 shares of the company’s stock, valued at approximately $29,821,430. This trade represents a 0.85% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.