Short Interest in ARC Group Securities Acquisition I (NASDAQ:FJDIU) Grows By ∞

ARC Group Securities Acquisition I (NASDAQ:FJDIU) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 312,447 shares, a growth of ∞ from the July 30th total of 0 shares. Based on an average trading volume of 500,779 shares, the days-to-cover ratio is presently 0.6 days.

ARC Group Securities Acquisition I Trading Up 0.1%

FJDIU traded up $0.01 during trading on Monday, hitting $9.98. 2,115 shares of the company’s stock traded hands, compared to its average volume of 113,023. ARC Group Securities Acquisition I has a 12-month low of $9.95 and a 12-month high of $10.00.

Analyst Ratings Changes

Separately, Wall Street Zen raised ARC Group Securities Acquisition I to a “hold” rating in a report on Saturday, August 15th.

ARC Group Securities Acquisition I Company Profile

ARC Group Securities Acquisition I is a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with one or more private companies. Rather than operating a traditional commercial business, the company was established to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction.

The company’s publicly traded units are listed on the Nasdaq Capital Market under the symbol FJDIU. Its principal activities are evaluating potential acquisition targets, negotiating transaction terms and seeking shareholder approval for a proposed business combination.