Spectral AI, Inc. (NASDAQ:MDAIW) Short Interest Up 85.4% in March

Spectral AI, Inc. (NASDAQ:MDAIW) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 6,734 shares, an increase of 85.4% from the March 15th total of 3,632 shares. Based on an average daily trading volume, of 18,281 shares, the short-interest ratio is presently 0.4 days.

Spectral AI Stock Down 0.9%

MDAIW opened at $0.58 on Monday. The business’s 50 day moving average is $0.49 and its 200-day moving average is $0.54. Spectral AI has a twelve month low of $0.22 and a twelve month high of $1.01.

Spectral AI Company Profile

Spectral AI Acquisition Corp I is a special purpose acquisition company (SPAC) incorporated in Delaware, trading on the NASDAQ under the ticker MDAIW. The entity was formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with an emphasis on companies operating in the artificial intelligence and advanced data analytics sectors.

The company’s strategy centers on identifying and completing a business combination with a target that can benefit from its public listing and access to growth capital.