Futurewave Acquisition Corporation (NASDAQ:FWAC – Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 669 shares, a decline of 76.3% from the August 31st total of 2,817 shares. Based on an average trading volume of 60,650 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.
Futurewave Acquisition Price Performance
FWAC remained flat at $9.94 on Friday. The company had a trading volume of 5,141 shares, compared to its average volume of 109,278. Futurewave Acquisition has a 1 year low of $9.85 and a 1 year high of $9.95.
Futurewave Acquisition Company Profile
FutureWave Acquisition Corp. (NASDAQ: FWAC) was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Its activities were centered on evaluating potential merger, acquisition, or similar transactions rather than developing and selling products or services of its own.
As a SPAC, FutureWave Acquisition held proceeds from its public offering while seeking a suitable target company. The company’s business plan and geographic reach were therefore dependent on the business it intended to acquire.
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