Short Interest in Amanat Acquisition Corp. (NASDAQ:AMAN) Expands By 133.0%

Amanat Acquisition Corp. (NASDAQ:AMAN) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 21,652 shares, a growth of 133.0% from the June 15th total of 9,292 shares. Based on an average daily trading volume, of 55,182 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the company’s stock are short sold.

Amanat Acquisition Trading Up 0.2%

Amanat Acquisition stock opened at $10.12 on Wednesday. Amanat Acquisition has a 12-month low of $9.98 and a 12-month high of $10.70. The business’s fifty day moving average price is $10.11.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Amanat Acquisition to a “hold” rating in a report on Saturday, May 23rd.

About Amanat Acquisition

Amanat Acquisition Corp. is a special purpose acquisition company, or SPAC, formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Like other SPACs, its purpose is to identify and complete a transaction with an operating company rather than to run a traditional commercial business of its own.

The company was organized to pursue acquisition opportunities, but detailed public information about an operating business, product lineup, or end-market services is limited because its primary function is to serve as a vehicle for a future business combination.