Short Interest in Shreya Acquisition Group (NYSE:SAGU) Declines By 81.6%

Shreya Acquisition Group (NYSE:SAGU) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 1,121 shares, a drop of 81.6% from the July 30th total of 6,096 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 8,196 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

A number of research analysts recently commented on SAGU shares. Wall Street Zen upgraded shares of Shreya Acquisition Group to a “hold” rating in a research note on Saturday, May 30th. Weiss Ratings assumed coverage on Shreya Acquisition Group in a research note on Tuesday, August 18th. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Shreya Acquisition Group Price Performance

Shares of SAGU traded up $0.04 during mid-day trading on Wednesday, hitting $10.01. The company’s stock had a trading volume of 289 shares, compared to its average volume of 71,127. The company has a 50-day moving average of $9.93. Shreya Acquisition Group has a fifty-two week low of $9.85 and a fifty-two week high of $10.05.

About Shreya Acquisition Group

Shreya Acquisition Group is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Shreya Acquisition Group is based in NEW YORK.