Xsolla SPAC 1 (NASDAQ:XSLL) Stock Short Interest Climbs 134.3%

Xsolla SPAC 1 (NASDAQ:XSLL) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 4,496 shares, a growth of 134.3% from the August 31st total of 1,919 shares. Based on an average trading volume of 45,084 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on Xsolla SPAC 1 in a research report on Tuesday, August 18th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Xsolla SPAC 1 Trading Up 0.3%

Shares of XSLL opened at $10.01 on Tuesday. The company has a 50-day moving average price of $9.97. Xsolla SPAC 1 has a one year low of $9.76 and a one year high of $10.00. The company has a market cap of $276.94 million and a P/E ratio of 90.95.

About Xsolla SPAC 1

Xsolla SPAC 1 Corp. is a special purpose acquisition company (SPAC) associated with Xsolla, a global video game commerce company. Unlike an operating business, the company was established to raise capital and pursue a merger, share exchange, asset acquisition, reorganization or similar business combination with one or more target companies.

Xsolla SPAC 1’s stated focus is related to identifying a suitable acquisition opportunity, potentially within the technology, gaming, digital entertainment or adjacent sectors.