Futurewave Acquisition Corp (NASDAQ:FWACU – Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 60,782 shares, a growth of 499.6% from the July 15th total of 10,137 shares. Based on an average trading volume of 12,619 shares, the short-interest ratio is presently 4.8 days.
Futurewave Acquisition Price Performance
FWACU stock remained flat at $10.15 during trading on Thursday. 200 shares of the company traded hands, compared to its average volume of 37,260. Futurewave Acquisition has a 12-month low of $10.00 and a 12-month high of $10.15.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Futurewave Acquisition to a “hold” rating in a research report on Saturday, July 4th.
About Futurewave Acquisition
Futurewave Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. Companies like Futurewave Acquisition are typically created to help identify and combine with an operating business, rather than to run a traditional commercial operation themselves.
As a blank check company, Futurewave Acquisition does not provide a broad portfolio of products or services in the conventional sense.
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