Suncrete (NASDAQ:RMIX) Short Interest Up 192.0% in June

Key Points

• Short interest in Suncrete surged 192.0% in June, rising to 1,289,037 shares as of June 30. That equals about 2.3% of the float and a short-interest ratio of 1.6 days.
• Analyst sentiment is mixed but mostly bullish, with several firms assigning Buy or Strong Buy ratings and an average target price of $21.75. However, Wall Street Zen and Weiss Ratings both issued Sell ratings.
• The stock fell on the day of the report, trading down 2.3% to $19.90, after the company recently reported a quarterly EPS loss of $0.60 and revenue of negative $14.49 million.

Suncrete (NASDAQ:RMIX - Get Free Report) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,289,037 shares, an increase of 192.0% from the June 15th total of 441,408 shares. Based on an average daily trading volume, of 794,798 shares, the short-interest ratio is currently 1.6 days. Currently, 2.3% of the company's shares are short sold.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Jefferies Financial Group began coverage on Suncrete in a report on Friday, May 1st. They set a "buy" rating and a $19.00 target price for the company. B. Riley Financial started coverage on shares of Suncrete in a research note on Wednesday, June 24th. They set a "buy" rating and a $26.00 price target on the stock. Wall Street Zen raised shares of Suncrete to a "sell" rating in a research report on Saturday, June 13th. Weiss Ratings assumed coverage on shares of Suncrete in a research note on Wednesday, April 29th. They issued a "sell (d+)" rating for the company. Finally, Roth Capital assumed coverage on shares of Suncrete in a report on Thursday, May 14th. They issued a "buy" rating and a $21.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Suncrete currently has an average rating of "Buy" and an average target price of $21.75.

Suncrete Trading Down 2.3%

NASDAQ:RMIX traded down $0.47 during midday trading on Monday, reaching $19.90. The company had a trading volume of 294,802 shares, compared to its average volume of 391,492. The business's fifty day simple moving average is $19.09. Suncrete has a 12-month low of $9.20 and a 12-month high of $25.50.

Suncrete (NASDAQ:RMIX - Get Free Report) last released its earnings results on Friday, May 15th. The company reported ($0.60) EPS for the quarter. The company had revenue of ($14.49) million during the quarter. Equities analysts forecast that Suncrete will post 0.21 EPS for the current year.

Suncrete Company Profile

Haymaker Acquisition Corp. 4 is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. Haymaker Acquisition Corp. 4 is based in New York.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.