Amanat Acquisition Corp. (NASDAQ:AMAN) Stock Short Interest Drops 39.4%

Amanat Acquisition Corp. (NASDAQ:AMAN) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 6,252 shares, a decline of 39.4% from the September 15th total of 10,310 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 3,155 shares, the days-to-cover ratio is currently 2.0 days.

Amanat Acquisition Stock Performance

Shares of AMAN stock traded down $0.03 on Friday, hitting $10.29. The company’s stock had a trading volume of 8,657 shares, compared to its average volume of 5,085. The business has a 50 day simple moving average of $10.58. Amanat Acquisition has a fifty-two week low of $9.98 and a fifty-two week high of $10.79.

Amanat Acquisition (NASDAQ:AMAN) last released its quarterly earnings results on Thursday, June 25th. The company reported ($0.03) EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on Amanat Acquisition in a research note on Tuesday, August 11th. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Amanat Acquisition

Amanat Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with an operating company. Its potential transactions may include a merger, share exchange, asset acquisition, share purchase, reorganization or similar combination.

As an acquisition company, Amanat does not operate a traditional portfolio of products or services. Instead, its principal activity is evaluating potential target businesses and negotiating a transaction intended to create a publicly traded operating company.