Meridian3 Industrials Acquisition Corp (NASDAQ:MIACU) Short Interest Down 57.4% in July

Meridian3 Industrials Acquisition Corp (NASDAQ:MIACU) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 4,185 shares, a drop of 57.4% from the July 15th total of 9,813 shares. Based on an average daily trading volume, of 38,635 shares, the short-interest ratio is currently 0.1 days.

Meridian3 Industrials Acquisition Price Performance

Shares of NASDAQ MIACU remained flat at $9.97 during trading on Friday. The stock had a trading volume of 20 shares, compared to its average volume of 120,290. Meridian3 Industrials Acquisition has a twelve month low of $9.91 and a twelve month high of $10.48.

About Meridian3 Industrials Acquisition

Meridian3 Industrials Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Companies like Meridian3 Industrials Acquisition are typically created to identify and combine with an operating business, rather than to conduct a traditional commercial business of their own.

As a blank-check company, Meridian3 Industrials Acquisition does not have a standalone product or service portfolio.