RMG ML Sports Holdings (NASDAQ:SHOTU) Short Interest Update

RMG ML Sports Holdings (NASDAQ:SHOTU) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 21,572 shares, a growth of 356.9% from the June 30th total of 4,721 shares. Based on an average daily volume of 13,513 shares, the short-interest ratio is presently 1.6 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised RMG ML Sports to a “hold” rating in a research note on Saturday, June 13th.

RMG ML Sports Stock Down 0.3%

SHOTU stock traded down $0.03 during trading on Monday, hitting $9.99. The company had a trading volume of 5,094 shares, compared to its average volume of 85,236. RMG ML Sports has a 52-week low of $9.87 and a 52-week high of $10.04.

About RMG ML Sports

We are a newly incorporated blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not identified any potential business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential business combination target.