Meshflow Acquisition Corp. (NASDAQ:MESH) Shares Shorted: Short Interest Up 1,664.5% in October

Meshflow Acquisition Corp. (NASDAQ:MESH) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 9,546 shares, a growth of 1,664.5% from the October 15th total of 541 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 149,971 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Meshflow Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 13th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Meshflow Acquisition Stock Up 0.3%

Shares of MESH traded up $0.03 during mid-day trading on Wednesday, reaching $10.13. The company had a trading volume of 116 shares, compared to its average volume of 123,927. The firm has a fifty day simple moving average of $10.09 and a 200-day simple moving average of $10.00. Meshflow Acquisition has a fifty-two week low of $9.86 and a fifty-two week high of $10.15.

About Meshflow Acquisition

Meshflow Acquisition (NASDAQ:MESH) is a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with one or more operating companies. Unlike an operating business, the company does not appear to have established products, services or significant commercial operations of its own. Its principal objective is to raise capital through a public offering and use those funds, together with other financing, to acquire or merge with a target company. The specific industry, business model and geographic focus of any prospective target may change and cannot be identified until a transaction is announced.