ARC Group Securities Acquisition I (NASDAQ:FJDI – Get Free Report) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 1,331 shares, a decline of 60.0% from the September 30th total of 3,327 shares. Based on an average daily volume of 18,371 shares, the days-to-cover ratio is currently 0.1 days.
ARC Group Securities Acquisition I Stock Performance
FJDI traded up $0.02 during trading hours on Friday, hitting $9.90. 2,639 shares of the company’s stock were exchanged, compared to its average volume of 62,107. ARC Group Securities Acquisition I has a 1-year low of $9.84 and a 1-year high of $9.90.
About ARC Group Securities Acquisition I
ARC Group Securities Acquisition I is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol FJDI. The company was formed to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more operating businesses.
As a SPAC, ARC Group Securities Acquisition I does not conduct significant commercial operations of its own and does not offer a proprietary product or service. Its primary activity is identifying and evaluating potential acquisition targets and completing a business combination that would allow a private company to become publicly traded.
Publicly available information about the company’s specific target industries, geographic focus and leadership is limited.
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