Shreya Acquisition Group (NYSE:SAGU) Stock Short Interest Declines 49.3%

Shreya Acquisition Group (NYSE:SAGU) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 1,909 shares, a drop of 49.3% from the September 30th total of 3,765 shares. Based on an average daily trading volume, of 561 shares, the days-to-cover ratio is currently 3.4 days. Approximately 0.0% of the shares of the company are short sold.

Shreya Acquisition Group Trading Down 0.1%

NYSE:SAGU traded down $0.01 during trading hours on Friday, reaching $10.04. The company had a trading volume of 2,866 shares, compared to its average volume of 19,174. Shreya Acquisition Group has a 52 week low of $9.85 and a 52 week high of $10.12. The company’s 50 day simple moving average is $10.03.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on shares of Shreya Acquisition Group in a research note on Tuesday, August 18th. They set a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Shreya Acquisition Group Company Profile

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.