AMR Resources Acquisition Corp. (NASDAQ:AMACU) Stock Short Interest Report for September

AMR Resources Acquisition Corp. (NASDAQ:AMACU) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 130 shares, a drop of 69.8% from the September 15th total of 430 shares. Based on an average trading volume of 628 shares, the days-to-cover ratio is presently 0.2 days.

AMR Resources Acquisition Price Performance

AMACU remained flat at $9.90 during trading on Tuesday. 1,002 shares of the company traded hands, compared to its average volume of 114,664. The company’s 50 day moving average price is $9.95. AMR Resources Acquisition has a 12-month low of $9.90 and a 12-month high of $10.05.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of AMR Resources Acquisition to a “hold” rating in a research report on Saturday, July 25th.

About AMR Resources Acquisition

AMR Resources Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. The company does not have material ongoing commercial operations, products or services of its own.

Its stated strategy is to seek a merger, share exchange, asset acquisition, stock purchase, reorganization or similar transaction with a business in the resources sector. The company may evaluate opportunities involving natural resources and related industries, although it has not publicly identified a specific target or operating geography.

AMR Resources Acquisition Corp.