Southport Acquisition Co. (NYSE:PORT) Sees Large Growth in Short Interest

Get Southport Acquisition alerts:Southport Acquisition Co. (NYSE:PORT - Get Free Report) was the target of a large 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 trading volume, of 600 shares, the days-to-cover ratio is presently 0.7 days. Approximately0.0% of the shares of the company are sold short. Approximately0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 0.7 days. Southport Acquisition Price PerformanceSouthport Acquisition stock traded up $0.65 during mid-day trading on Friday, reaching $13.00. The company had a trading volume of 2,081 shares, compared to its average volume of 1,919. Southport Acquisition has a 52 week low of $10.80 and a 52 week high of $20.00. The company has a 50 day moving average of $12.16 and a 200-day moving average of $11.73. Southport Acquisition Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than Southport AcquisitionHow to Most Effectively Use the MarketBeat Earnings ScreenerThe Midstream Energy Play That Keeps Powering HigherInvesting in Construction StocksEthereum Near All-Time High: 3 Stocks Stacking ETH in TreasuriesInvesting in Travel Stocks BenefitsBaidu Teams With Uber and Lyft on Robotaxis—Stock Upside Ahead?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Southport Acquisition Right Now?Before you consider Southport Acquisition, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Southport Acquisition wasn't on the list.While Southport Acquisition currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here