FortuneX Acquisition Corporation (NASDAQ:FXAC – Get Free Report) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 177 shares, a decrease of 59.0% from the September 15th total of 432 shares. Based on an average trading volume of 14,727 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.
FortuneX Acquisition Stock Up 0.3%
Shares of NASDAQ:FXAC traded up $0.04 during midday trading on Tuesday, reaching $10.13. 2,915 shares of the company were exchanged, compared to its average volume of 40,142. The stock’s fifty day moving average price is $10.07. FortuneX Acquisition has a fifty-two week low of $9.97 and a fifty-two week high of $10.43.
About FortuneX Acquisition
FortuneX Acquisition Corp. is a blank-check company, also known as a special purpose acquisition company (SPAC). The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses.
Unlike an operating company, FortuneX Acquisition Corp. does not have established products, services, or recurring commercial operations of its own. Its activities are primarily focused on raising capital through a public offering, evaluating potential acquisition targets, and seeking shareholder approval for a proposed transaction.
The company is incorporated in the Cayman Islands and is listed on the Nasdaq Stock Market under the symbol FXAC.
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