Future Money Acquisition Corp (NASDAQ:FMACU) Short Interest Update

Future Money Acquisition Corp (NASDAQ:FMACU) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 3,867 shares, a growth of 299.9% from the May 14th total of 967 shares. Based on an average trading volume of 96,784 shares, the days-to-cover ratio is presently 0.0 days.

Future Money Acquisition Stock Up 0.5%

NASDAQ FMACU traded up $0.05 during trading on Thursday, hitting $10.15. 302 shares of the company’s stock traded hands, compared to its average volume of 61,050. The business’s fifty day moving average price is $10.07. Future Money Acquisition has a 12-month low of $9.98 and a 12-month high of $10.33.

Wall Street Analysts Forecast Growth

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

Future Money Acquisition Company Profile

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.