Short Interest in ARC Group Securities Acquisition I (NASDAQ:FJDIU) Increases By ∞

ARC Group Securities Acquisition I (NASDAQ:FJDIU) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 312,447 shares, a growth of ∞ from the July 30th total of 0 shares. Based on an average daily volume of 500,779 shares, the short-interest ratio is currently 0.6 days.

ARC Group Securities Acquisition I Price Performance

Shares of ARC Group Securities Acquisition I stock opened at $9.98 on Tuesday. ARC Group Securities Acquisition I has a one year low of $9.95 and a one year high of $10.00.

Analysts Set New Price Targets

Separately, Wall Street Zen raised ARC Group Securities Acquisition I to a “hold” rating in a research note on Saturday, August 15th.

About ARC Group Securities Acquisition I

ARC Group Securities Acquisition I is a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with one or more private companies. Rather than operating a traditional commercial business, the company was established to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction.

The company’s publicly traded units are listed on the Nasdaq Capital Market under the symbol FJDIU. Its principal activities are evaluating potential acquisition targets, negotiating transaction terms and seeking shareholder approval for a proposed business combination.