Spectral AI, Inc. (NASDAQ:MDAIW – Get Free Report) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 6,904 shares, a growth of 143.4% from the May 31st total of 2,837 shares. Based on an average daily trading volume, of 9,139 shares, the short-interest ratio is currently 0.8 days.
Spectral AI Price Performance
MDAIW traded up $0.06 on Wednesday, reaching $0.61. The company had a trading volume of 145 shares, compared to its average volume of 15,343. Spectral AI has a 1 year low of $0.35 and a 1 year high of $1.01. The stock has a 50-day moving average price of $0.71 and a 200-day moving average price of $0.57.
About Spectral AI
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.
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