Abony Acquisition Corp. I (NASDAQ:AACO) Shares Shorted: Short Interest Up 26,669.2% in October

Abony Acquisition Corp. I (NASDAQ:AACO) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 20,880 shares, an increase of 26,669.2% from the September 30th total of 78 shares. Based on an average trading volume of 92,362 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Abony Acquisition Corp. I Price Performance

Shares of AACO traded up $0.01 during mid-day trading on Monday, reaching $10.01. 2,230 shares of the company’s stock were exchanged, compared to its average volume of 39,081. Abony Acquisition Corp. I has a 52-week low of $9.84 and a 52-week high of $10.00. The stock’s 50-day simple moving average is $9.99.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Abony Acquisition Corp. I from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, October 2nd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Abony Acquisition Corp. I Company Profile

Abony Acquisition Corp. I is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol AACO. The company was established to identify and complete a business combination, such as a merger, share exchange, asset acquisition, reorganization or similar transaction, with one or more operating businesses.

Unlike an operating company, Abony Acquisition Corp. I does not have a portfolio of commercial products or services. Its activities are focused on raising capital through its public listing, evaluating potential acquisition opportunities and seeking to combine with a target company.

Publicly available information about the company’s specific investment focus, geographic markets, completed transactions and leadership is limited.