Short Interest in Future Money Acquisition Corp (NASDAQ:FMACU) Declines By 58.9%
by Amy Steele · The Cerbat GemFuture Money Acquisition Corp (NASDAQ:FMACU – Get Free Report) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 469 shares, a decrease of 58.9% from the April 15th total of 1,142 shares. Based on an average daily trading volume, of 25,486 shares, the short-interest ratio is currently 0.0 days.
Future Money Acquisition Trading Up 0.1%
Shares of Future Money Acquisition stock traded up $0.01 during trading on Friday, reaching $10.06. 41,750 shares of the stock were exchanged, compared to its average volume of 56,537. Future Money Acquisition has a 1 year low of $9.98 and a 1 year high of $10.10.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded shares of Future Money Acquisition to a “hold” rating in a research report on Saturday, April 4th.
Read Our Latest Stock Report on FMACU
Future Money Acquisition Company Profile
Future Money Acquisition (NASDAQ: FMACU) is a special purpose acquisition company, commonly known as a blank‑check company, that completed an initial public offering of units and is organized to effect a business combination with one or more operating businesses. As a SPAC, its principal activity is to identify, evaluate and consummate mergers, capital stock exchanges, asset acquisitions, reorganizations or similar business combinations that would result in its transition to an operating company.
Like other SPACs, Future Money Acquisition typically holds the proceeds of its offering in a trust account pending the identification and closing of a qualifying transaction.