Amanat Acquisition Corp. (NASDAQ:AMAN) Short Interest Update

Amanat Acquisition Corp. (NASDAQ:AMAN) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 21,652 shares, an increase of 133.0% from the June 15th total of 9,292 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 55,182 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Amanat Acquisition to a “hold” rating in a research note on Saturday, May 23rd.

Amanat Acquisition Stock Performance

Shares of NASDAQ:AMAN opened at $10.07 on Thursday. The company has a 50 day moving average price of $10.11. Amanat Acquisition has a fifty-two week low of $9.98 and a fifty-two week high of $10.70.

Amanat Acquisition Company Profile

Amanat Acquisition Corp. is a special purpose acquisition company, or SPAC, formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Like other SPACs, its purpose is to identify and complete a transaction with an operating company rather than to run a traditional commercial business of its own.

The company was organized to pursue acquisition opportunities, but detailed public information about an operating business, product lineup, or end-market services is limited because its primary function is to serve as a vehicle for a future business combination.