Amanat Acquisition Corp. (NASDAQ:AMAN) Shares Shorted: Short Interest Down 39.4% in September

Amanat Acquisition Corp. (NASDAQ:AMAN) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 6,252 shares, a decrease of 39.4% from the September 15th total of 10,310 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 3,155 shares, the short-interest ratio is presently 2.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on Amanat Acquisition in a research note on Tuesday, August 11th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Amanat Acquisition Price Performance

Shares of AMAN stock opened at $10.29 on Friday. Amanat Acquisition has a fifty-two week low of $9.98 and a fifty-two week high of $10.79. The firm has a fifty day moving average price of $10.58.

Amanat Acquisition (NASDAQ:AMAN) last released its quarterly earnings data on Thursday, June 25th. The company reported ($0.03) EPS for the quarter.

Amanat Acquisition Company Profile

Amanat Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with an operating company. Its potential transactions may include a merger, share exchange, asset acquisition, share purchase, reorganization or similar combination.

As an acquisition company, Amanat does not operate a traditional portfolio of products or services. Instead, its principal activity is evaluating potential target businesses and negotiating a transaction intended to create a publicly traded operating company.