Vernal Capital Acquisition Corp. (NYSE:VECA) Sees Large Decrease in Short Interest

Vernal Capital Acquisition Corp. (NYSE:VECA) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 1,038 shares, a decline of 38.8% from the July 30th total of 1,695 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 31,143 shares, the short-interest ratio is currently 0.0 days.

Vernal Capital Acquisition Price Performance

Shares of NYSE VECA remained flat at $10.02 during mid-day trading on Tuesday. 1,014 shares of the stock were exchanged, compared to its average volume of 15,732. The company has a fifty day simple moving average of $9.97. Vernal Capital Acquisition has a 1-year low of $9.87 and a 1-year high of $11.01.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VECA. Wall Street Zen raised shares of Vernal Capital Acquisition from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. Weiss Ratings began coverage on Vernal Capital Acquisition in a research note on Thursday, August 13th. They set a “sell (e-)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Vernal Capital Acquisition currently has an average rating of “Sell”.

Vernal Capital Acquisition Company Profile

Vernal Capital Acquisition Corp. is a blank check company. It formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Vernal Capital Acquisition Corp. is based in New York.