Future Money Acquisition Corp (NASDAQ:FMACU) Short Interest Update

Future Money Acquisition Corp (NASDAQ:FMACU) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 3,867 shares, a growth of 299.9% from the May 14th total of 967 shares. Based on an average daily volume of 96,784 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Future Money Acquisition to a “hold” rating in a report on Saturday, April 4th.

Future Money Acquisition Stock Up 0.5%

Shares of FMACU traded up $0.05 on Thursday, hitting $10.15. 302 shares of the stock traded hands, compared to its average volume of 61,050. The firm has a 50 day simple moving average of $10.07. Future Money Acquisition has a one year low of $9.98 and a one year high of $10.33.

About Future Money Acquisition

Future Money Acquisition (NASDAQ: FMACU) is a special purpose acquisition company, commonly known as a blank?check company, that completed an initial public offering of units and is organized to effect a business combination with one or more operating businesses. As a SPAC, its principal activity is to identify, evaluate and consummate mergers, capital stock exchanges, asset acquisitions, reorganizations or similar business combinations that would result in its transition to an operating company.

Like other SPACs, Future Money Acquisition typically holds the proceeds of its offering in a trust account pending the identification and closing of a qualifying transaction.