Freedom Metals Acquisition Corp. (NASDAQ:FDMMU – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 290 shares, a drop of 81.5% from the July 15th total of 1,566 shares. Based on an average daily volume of 78,151 shares, the short-interest ratio is presently 0.0 days.
Freedom Metals Acquisition Price Performance
Shares of FDMMU stock opened at $9.95 on Wednesday. Freedom Metals Acquisition has a 52 week low of $9.94 and a 52 week high of $9.98.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded Freedom Metals Acquisition to a “hold” rating in a research note on Saturday, July 18th.
About Freedom Metals Acquisition
We are a special purpose acquisition company incorporated on February 25, 2026, as a Cayman Islands exempted company, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target, and neither we nor anyone acting on our behalf has initiated any substantive discussions, directly or indirectly, with any prospective target.
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