RMG ML Sports Holdings (NASDAQ:SHOTU – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 6,876 shares, a growth of 136.0% from the August 31st total of 2,914 shares. Based on an average trading volume of 3,837 shares, the days-to-cover ratio is presently 1.8 days.
RMG ML Sports Price Performance
NASDAQ SHOTU opened at $9.98 on Tuesday. RMG ML Sports has a 1-year low of $9.87 and a 1-year high of $10.04. The firm has a 50-day moving average of $9.99.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised shares of RMG ML Sports to a “hold” rating in a research note on Saturday, June 13th.
About RMG ML Sports
RMG ML Sports is a special purpose acquisition company (SPAC) whose securities trade on the Nasdaq under the symbol SHOTU. The company was formed to pursue a business combination, such as a merger, acquisition or similar transaction, with an operating company.
Unlike an operating business, RMG ML Sports does not appear to have established products, services or ongoing commercial operations. Its principal activities are identifying a suitable target, negotiating a transaction and completing the business combination, subject to shareholder and regulatory approvals.
Publicly available information about the company’s specific investment criteria, geographic focus and leadership is limited.
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