Miluna Acquisition Corp (NASDAQ:MMTX) Short Interest Down 63.8% in August

Miluna Acquisition Corp (NASDAQ:MMTX) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 993 shares, a decrease of 63.8% from the August 15th total of 2,746 shares. Based on an average daily trading volume, of 26,942 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Miluna Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sona Asset Management US LLC purchased a new position in shares of Miluna Acquisition during the first quarter worth about $1,177,000. Polar Asset Management Partners Inc. bought a new position in shares of Miluna Acquisition in the first quarter worth approximately $3,704,000. Finally, Whitebox Advisors LLC purchased a new stake in Miluna Acquisition in the first quarter valued at approximately $4,004,000.

Miluna Acquisition Trading Up 0.4%

Miluna Acquisition stock traded up $0.04 during midday trading on Monday, reaching $10.22. 4,336 shares of the stock were exchanged, compared to its average volume of 33,227. Miluna Acquisition has a 52 week low of $9.88 and a 52 week high of $10.21. The stock has a market cap of $90.23 million and a price-to-earnings ratio of 9,734.29. The firm has a fifty day simple moving average of $10.15.

Analyst Ratings Changes

Separately, Weiss Ratings raised Miluna Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

About Miluna Acquisition

Miluna Acquisition Corp is a blank check company.