Mountain Crest Acquisition Corp. III (NASDAQ:MCAE) Sees Significant Drop in Short Interest

Mountain Crest Acquisition Corp. III (NASDAQ:MCAEGet Rating) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 2,200 shares, a decline of 18.5% from the April 15th total of 2,700 shares. Based on an average daily volume of 13,400 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Shares of MCAE remained flat at $$9.82 on Thursday. The business’s 50 day simple moving average is $9.87 and its two-hundred day simple moving average is $9.89. Mountain Crest Acquisition Corp. III has a 52 week low of $9.37 and a 52 week high of $10.13.

Several institutional investors and hedge funds have recently modified their holdings of MCAE. Goldman Sachs Group Inc. acquired a new position in Mountain Crest Acquisition Corp. III during the 3rd quarter worth approximately $199,000. RPO LLC acquired a new position in Mountain Crest Acquisition Corp. III during the 4th quarter worth approximately $247,000. Graham Capital Wealth Management LLC acquired a new position in Mountain Crest Acquisition Corp. III during the 4th quarter worth approximately $454,000. Schonfeld Strategic Advisors LLC acquired a new position in Mountain Crest Acquisition Corp. III during the 3rd quarter worth approximately $491,000. Finally, P Schoenfeld Asset Management LP acquired a new position in Mountain Crest Acquisition Corp. III during the 1st quarter worth approximately $1,018,000.

About Mountain Crest Acquisition Corp. III (Get Rating)

Mountain Crest Acquisition Corp. III does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.

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