Amanat Acquisition Corp. (NASDAQ:AMAN) Short Interest Up ∞ in May

Amanat Acquisition Corp. (NASDAQ:AMAN) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 17,274 shares, a growth of ∞ from the May 14th total of 0 shares. Based on an average trading volume of 201,436 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

Amanat Acquisition Trading Up 0.2%

AMAN traded up $0.02 during trading on Friday, reaching $10.10. 21,421 shares of the company’s stock were exchanged, compared to its average volume of 195,866. Amanat Acquisition has a fifty-two week low of $10.00 and a fifty-two week high of $10.40.

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.