Short Interest in Southport Acquisition Co. (NYSE:PORT) Declines By 50.0%

Key Points

• Southport Acquisition Co. (NYSE:PORT) saw a significant decline in short interest, dropping by 50.0% to just 100 shares as of July 15th.
• Currently, 0.0% of the company's stock is sold short, with a short-interest ratio of 0.3 days based on an average daily volume of 300 shares.
• The stock price remained stable at $13.00, with a 12-month trading range between $10.80 and $20.00.

Southport Acquisition Co. (NYSE:PORT - Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 100 shares, adropof50.0% from the June 30th total of 200 shares. Approximately0.0% of the shares of the company are short sold. Based on an average trading volume of 300 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 300 shares, the short-interest ratio is currently 0.3 days. Approximately0.0% of the shares of the company are short sold.

Southport Acquisition Stock Performance

PORT stock remained flat at $11.88 on Friday. Southport Acquisition has a fifty-two week low of $10.80 and a fifty-two week high of $20.00. The firm has a 50 day moving average of $11.96 and a 200 day moving average of $11.62.

About Southport Acquisition

Southport Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to acquire businesses in the field of financial software with a focus on mortgage and real estate verticals in the United States.