ARC Group Acquisition I Corp Unit (NASDAQ:ARCLU) Sees Large Drop in Short Interest

ARC Group Acquisition I Corp Unit (NASDAQ:ARCLU) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 452 shares, a decrease of 87.9% from the May 31st total of 3,745 shares. Based on an average daily volume of 3,644 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of ARC Group Acquisition I Corp Unit to a “hold” rating in a research note on Saturday, May 9th.

ARC Group Acquisition I Corp Unit Price Performance

ARCLU stock opened at $10.21 on Friday. ARC Group Acquisition I Corp Unit has a 12-month low of $10.01 and a 12-month high of $10.50.