Amanat Acquisition Corp. (NASDAQ:AMAN) Stock Short Interest Report for October

Amanat Acquisition Corp. (NASDAQ:AMAN) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 41,755 shares, a growth of 1,724.2% from the October 15th total of 2,289 shares. Based on an average daily trading volume, of 146,004 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Amanat Acquisition in a research report on Wednesday, November 4th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Amanat Acquisition presently has a consensus rating of “Sell”.

Amanat Acquisition Price Performance

AMAN stock traded down $0.01 during midday trading on Tuesday, hitting $10.12. The company’s stock had a trading volume of 112,365 shares, compared to its average volume of 145,750. Amanat Acquisition has a 12 month low of $9.98 and a 12 month high of $10.79. The business has a 50 day moving average price of $10.43.

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

Amanat Acquisition Company Profile

Amanat Acquisition Corp. (NASDAQ: AMAN) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Its mandate may be carried out through a merger, share exchange, asset acquisition, reorganization or similar transaction. Unlike an operating company, Amanat Acquisition Corp. does not provide products or services to customers through an established business. Its activities primarily involve raising capital through a public offering, evaluating potential acquisition targets and pursuing a transaction intended to create a publicly traded operating company.