Miluna Acquisition Corp (NASDAQ:MMTX) Stock Short Interest Rises 52.1%

Miluna Acquisition Corp (NASDAQ:MMTX) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,510 shares, an increase of 52.1% from the August 31st total of 993 shares. Based on an average trading volume of 18,368 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Miluna Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Miluna Acquisition Price Performance

Shares of MMTX stock opened at $10.21 on Thursday. Miluna Acquisition has a 52-week low of $9.88 and a 52-week high of $10.21. The stock has a market cap of $90.09 million and a price-to-earnings ratio of 9,719.05. The business has a fifty day simple moving average of $10.17.

Hedge Funds Weigh In On Miluna Acquisition

A number of hedge funds have recently made changes to their positions in the business. Whitebox Advisors LLC bought a new stake in Miluna Acquisition during the 1st quarter valued at approximately $4,004,000. Polar Asset Management Partners Inc. purchased a new position in Miluna Acquisition in the 1st quarter worth approximately $3,704,000. Finally, Sona Asset Management US LLC bought a new position in Miluna Acquisition in the 1st quarter worth approximately $1,177,000.

Miluna Acquisition Company Profile

Miluna Acquisition Corp. (NASDAQ: MMTX) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses.

Rather than providing products or services directly, the company’s activities have centered on evaluating potential targets and pursuing a merger, acquisition, share exchange, asset acquisition, reorganization, or similar transaction. Its investment focus, operating geography, and target industry may depend on the terms of any completed or proposed transaction.

Publicly available information about Miluna Acquisition Corp.’s operating history, leadership, and business activities is limited.