Mountain Lake Acquisition Corp. II (NASDAQ:MLAA) Short Interest Down 44.1% in May

Mountain Lake Acquisition Corp. II (NASDAQ:MLAA) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 6,815 shares, a decline of 44.1% from the May 14th total of 12,199 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 407,611 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Mountain Lake Acquisition Corp. II to a “hold” rating in a research report on Sunday, April 26th.

Mountain Lake Acquisition Corp. II Price Performance

Shares of NASDAQ:MLAA traded up $0.01 during trading on Friday, hitting $9.94. 2,104 shares of the company’s stock traded hands, compared to its average volume of 155,257. Mountain Lake Acquisition Corp. II has a 52 week low of $9.40 and a 52 week high of $11.20. The firm has a 50-day simple moving average of $9.97.