FortuneX Acquisition Corporation (NASDAQ:FXAC) Shares Shorted: Short Interest Down 59.0% in September

FortuneX Acquisition Corporation (NASDAQ:FXAC) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 177 shares, a decline of 59.0% from the September 15th total of 432 shares. Based on an average daily trading volume, of 14,727 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

FortuneX Acquisition Trading Up 0.1%

FXAC traded up $0.01 during mid-day trading on Thursday, hitting $10.12. 6,194 shares of the stock were exchanged, compared to its average volume of 57,344. The firm’s fifty day moving average price is $10.07. FortuneX Acquisition has a 1-year low of $9.97 and a 1-year high of $10.43.

FortuneX Acquisition Company Profile

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.