Futurewave Acquisition Corporation (NASDAQ:FWAC) Stock Short Interest Climbs 99.6%

Futurewave Acquisition Corporation (NASDAQ:FWAC) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,335 shares, an increase of 99.6% from the September 15th total of 669 shares. Based on an average trading volume of 64,702 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Futurewave Acquisition Stock Performance

Shares of Futurewave Acquisition stock traded up $0.01 on Wednesday, reaching $9.96. The company had a trading volume of 129,616 shares, compared to its average volume of 100,415. The business has a 50 day simple moving average of $9.93. Futurewave Acquisition has a 52-week low of $9.85 and a 52-week high of $9.96.

About Futurewave Acquisition

Futurewave Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Rather than selling products or services directly, the company’s primary activity is raising capital through an initial public offering and using those funds, subject to shareholder approval, to pursue a merger, acquisition, or similar transaction.

As a blank-check company, Futurewave Acquisition does not have an established portfolio of operating products, a broad customer base, or a defined geographic service area in the same manner as a traditional public company.