Flag Ship Acquisition Corp (NASDAQ:FSHPU) Sees Large Growth in Short Interest

Flag Ship Acquisition Corp (NASDAQ:FSHPU) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 1,049 shares, an increase of ∞ from the May 14th total of 0 shares. Based on an average daily volume of 1,566 shares, the short-interest ratio is currently 0.7 days.

Flag Ship Acquisition Stock Performance

Shares of Flag Ship Acquisition stock remained flat at $11.25 on Friday. The stock has a 50-day moving average of $11.14. Flag Ship Acquisition has a 52 week low of $10.43 and a 52 week high of $13.40.

Flag Ship Acquisition Company Profile

We are a blank check company incorporated in the Cayman Islands and formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our business combination. We have not identified any acquisition target and we have not, nor has anyone on our behalf, initiated any discussions, directly or indirectly, to identify any acquisition target.