Suncrete (NASDAQ:RMIX) Sees Significant Increase in Short Interest

Suncrete (NASDAQ:RMIX) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 1,289,037 shares, a growth of 192.0% from the June 15th total of 441,408 shares. Based on an average daily volume of 794,798 shares, the days-to-cover ratio is currently 1.6 days. Approximately 2.3% of the company’s stock are sold short.

Suncrete Trading Down 2.3%

Shares of NASDAQ:RMIX traded down $0.47 during trading on Monday, hitting $19.90. 294,802 shares of the company were exchanged, compared to its average volume of 391,492. The company has a 50 day moving average of $19.09. Suncrete has a 12-month low of $9.20 and a 12-month high of $25.50.

Suncrete (NASDAQ:RMIX) last posted its earnings results on Friday, May 15th. The company reported ($0.60) EPS for the quarter. The company had revenue of ($14.49) million for the quarter. As a group, equities research analysts predict that Suncrete will post 0.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Suncrete to a “sell” rating in a research note on Saturday, June 13th. Jefferies Financial Group initiated coverage on Suncrete in a research note on Friday, May 1st. They issued a “buy” rating and a $19.00 price target on the stock. William Blair assumed coverage on Suncrete in a report on Monday, May 4th. They set an “outperform” rating for the company. Weiss Ratings initiated coverage on Suncrete in a research report on Wednesday, April 29th. They set a “sell (d+)” rating for the company. Finally, Robert W. Baird assumed coverage on Suncrete in a report on Wednesday, May 27th. They issued an “outperform” rating and a $21.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $21.75.

Suncrete Company Profile

Haymaker Acquisition Corp. 4 is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. Haymaker Acquisition Corp. 4 is based in New York.