Short Interest in Southport Acquisition Co. (NYSE:PORT) Expands By 300.0%

Key Points

• Southport Acquisition Co. experienced a significant increase in short interest, rising by 300% from 100 shares to 400 shares in July.
• The company's stock price reached $13.00 during trading, with a 52-week range between $10.80 and $20.00.
• Southport Acquisition focuses on mergers and acquisitions in the financial software sector, particularly in the mortgage and real estate industries in the U.S.

Southport Acquisition Co. (NYSE:PORT - Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 400 shares, agrowthof300.0% from the July 15th total of 100 shares. Based on an average daily volume of 600 shares, the short-interest ratio is presently 0.7 days. Currently,0.0% of the company's stock are sold short. Currently,0.0% of the company's stock are sold short. Based on an average daily volume of 600 shares, the short-interest ratio is presently 0.7 days.

Southport Acquisition Stock Up 7.8%

Shares of NYSE:PORT traded up $1.20 during trading on Wednesday, hitting $16.50. 2,030 shares of the company were exchanged, compared to its average volume of 1,997. Southport Acquisition has a fifty-two week low of $10.80 and a fifty-two week high of $20.00. The firm has a fifty day moving average price of $12.41 and a two-hundred day moving average price of $11.83.

Southport Acquisition Company Profile

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.