RMG ML Sports Holdings (NASDAQ:SHOTU) Stock Short Interest Jumps 136.0%

RMG ML Sports Holdings (NASDAQ:SHOTU) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 6,876 shares, a growth of 136.0% from the August 31st total of 2,914 shares. Based on an average daily volume of 3,837 shares, the short-interest ratio is currently 1.8 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of RMG ML Sports to a “hold” rating in a research report on Saturday, June 13th.

RMG ML Sports Stock Performance

SHOTU traded up $0.02 during trading on Friday, hitting $9.99. The company’s stock had a trading volume of 2,000 shares, compared to its average volume of 40,778. RMG ML Sports has a twelve month low of $9.87 and a twelve month high of $10.04. The business’s fifty day simple moving average is $9.99.

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.