Future Money Acquisition Corp (NASDAQ:FMACU) Sees Large Growth in Short Interest

by · The Markets Daily

Future Money Acquisition Corp (NASDAQ:FMACU – Get Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 967 shares, a growth of 106.2% from the April 30th total of 469 shares. Based on an average trading volume of 79,392 shares, the short-interest ratio is currently 0.0 days.

Future Money Acquisition Trading Up 1.7%

FMACU stock traded up $0.18 during midday trading on Monday, hitting $10.33. The company’s stock had a trading volume of 828 shares, compared to its average volume of 67,001. The business has a 50-day simple moving average of $10.05. Future Money Acquisition has a 12 month low of $9.98 and a 12 month high of $10.32.

Analyst Ratings Changes

Separately, Wall Street Zen raised Future Money Acquisition to a “hold” rating in a research note on Saturday, April 4th.

Check Out Our Latest Research Report on Future Money Acquisition

About Future Money Acquisition

(Get Free Report)

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.

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