Spectral AI, Inc. (NASDAQ:MDAIW) Short Interest Up 22.8% in March

Spectral AI, Inc. (NASDAQ:MDAIW) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 3,632 shares, a growth of 22.8% from the February 26th total of 2,957 shares. Based on an average daily volume of 10,446 shares, the short-interest ratio is currently 0.3 days.

Spectral AI Trading Up 0.4%

Shares of MDAIW stock traded up $0.00 during trading hours on Monday, hitting $0.54. The stock had a trading volume of 3,085 shares, compared to its average volume of 14,896. Spectral AI has a one year low of $0.22 and a one year high of $1.01. The stock’s 50-day moving average price is $0.48 and its two-hundred day moving average price is $0.55.

About Spectral AI

Spectral AI Acquisition Corp I is a special purpose acquisition company (SPAC) incorporated in Delaware, trading on the NASDAQ under the ticker MDAIW. The entity was formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with an emphasis on companies operating in the artificial intelligence and advanced data analytics sectors.

The company’s strategy centers on identifying and completing a business combination with a target that can benefit from its public listing and access to growth capital.