Karman Line Acquisition Corp. (NASDAQ:XTER) Stock Short Interest Report for September

Karman Line Acquisition Corp. (NASDAQ:XTER) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,428 shares, a decline of 41.2% from the September 15th total of 2,430 shares. Based on an average daily trading volume, of 21,540 shares, the short-interest ratio is currently 0.1 days.

Karman Line Acquisition Price Performance

Shares of NASDAQ XTER remained flat at $9.78 during midday trading on Friday. The stock had a trading volume of 114,846 shares, compared to its average volume of 58,395. Karman Line Acquisition has a one year low of $9.77 and a one year high of $9.90.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Karman Line Acquisition to a “hold” rating in a report on Wednesday, September 2nd.

About Karman Line Acquisition

Karman Line Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Its potential transaction could take the form of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar combination.

As a blank-check company, Karman Line Acquisition does not operate a commercial business or offer products and services of its own. Its activities are focused on raising capital, evaluating potential acquisition targets and completing a transaction that would allow a private company to become publicly traded.

The company’s future business activities, geographic reach and operating profile will depend on the target business selected and the successful completion of a business combination.