Merlin, Inc. Common Stock (NASDAQ:MRLN) Short Interest Up 74.3% in June

Merlin, Inc. Common Stock (NASDAQ:MRLN) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 5,659,022 shares, a growth of 74.3% from the May 31st total of 3,246,691 shares. Based on an average daily trading volume, of 5,677,850 shares, the days-to-cover ratio is presently 1.0 days. Currently, 6.4% of the company’s shares are short sold.

Merlin, Inc. Common Stock Stock Performance

Shares of MRLN stock opened at $5.28 on Friday. The firm has a market capitalization of $509.63 million, a PE ratio of -14.27 and a beta of 1.70. The company has a 50-day moving average of $7.45. Merlin, Inc. Common Stock has a 1-year low of $4.76 and a 1-year high of $17.00.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of Merlin, Inc. Common Stock from a “sell (e-)” rating to a “sell (e)” rating in a research report on Tuesday, June 9th. Wall Street Zen cut shares of Merlin, Inc. Common Stock to a “strong sell” rating in a research report on Saturday, May 23rd. TD Cowen raised shares of Merlin, Inc. Common Stock to a “strong-buy” rating in a research note on Thursday, June 4th. Roth Mkm initiated coverage on shares of Merlin, Inc. Common Stock in a research note on Tuesday, April 14th. They set a “buy” rating and a $15.00 price target for the company. Finally, Zacks Research upgraded shares of Merlin, Inc. Common Stock to a “hold” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Merlin, Inc. Common Stock has an average rating of “Moderate Buy” and a consensus target price of $13.00.

Merlin, Inc. Common Stock Company Profile

Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.