Short Interest in ARC Group Acquisition I Corp Unit (NASDAQ:ARCLU) Declines By 37.6%

ARC Group Acquisition I Corp Unit (NASDAQ:ARCLU) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 282 shares, a drop of 37.6% from the June 15th total of 452 shares. Based on an average daily trading volume, of 1,051 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of ARC Group Acquisition I Corp Unit to a “hold” rating in a research note on Saturday, May 9th.

ARC Group Acquisition I Corp Unit Stock Down 0.2%

Shares of ARCLU stock opened at $10.19 on Friday. The stock’s 50 day simple moving average is $10.20. ARC Group Acquisition I Corp Unit has a 12-month low of $10.01 and a 12-month high of $10.50.