Merlin, Inc. Common Stock (NASDAQ:MRLN) Short Interest Update

Merlin, Inc. Common Stock (NASDAQ:MRLN) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 5,659,022 shares, an increase of 74.3% from the May 31st total of 3,246,691 shares. Approximately 6.4% of the company’s stock are short sold. Based on an average daily volume of 5,677,850 shares, the short-interest ratio is currently 1.0 days.

Analysts Set New Price Targets

MRLN has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Merlin, Inc. Common Stock to a “strong sell” rating in a research report on Saturday, May 23rd. Weiss Ratings raised shares of Merlin, Inc. Common Stock from a “sell (e-)” rating to a “sell (e)” rating in a research report on Tuesday, June 9th. TD Cowen upgraded Merlin, Inc. Common Stock to a “strong-buy” rating in a research note on Thursday, June 4th. Roth Mkm initiated coverage on Merlin, Inc. Common Stock in a report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Zacks Research upgraded Merlin, Inc. Common Stock to a “hold” rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Merlin, Inc. Common Stock Stock Performance

Shares of NASDAQ MRLN traded down $0.39 during midday trading on Thursday, hitting $5.26. 1,681,580 shares of the company’s stock were exchanged, compared to its average volume of 1,526,080. Merlin, Inc. Common Stock has a twelve month low of $4.76 and a twelve month high of $17.00. The stock has a market cap of $507.70 million, a price-to-earnings ratio of -14.22 and a beta of 1.71. The business’s 50 day moving average is $7.73.

Merlin, Inc. Common Stock Company Profile

Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.