Futurewave Acquisition Corporation (NASDAQ:FWAC – Get Free Report) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 669 shares, a decrease of 76.3% from the August 31st total of 2,817 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 60,650 shares, the short-interest ratio is presently 0.0 days.
Futurewave Acquisition Stock Performance
Shares of Futurewave Acquisition stock remained flat at $9.94 during trading hours on Friday. 5,141 shares of the stock were exchanged, compared to its average volume of 109,278. Futurewave Acquisition has a one year low of $9.85 and a one year high of $9.95.
About Futurewave Acquisition
FutureWave Acquisition Corp. (NASDAQ: FWAC) was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Its activities were centered on evaluating potential merger, acquisition, or similar transactions rather than developing and selling products or services of its own.
As a SPAC, FutureWave Acquisition held proceeds from its public offering while seeking a suitable target company. The company’s business plan and geographic reach were therefore dependent on the business it intended to acquire.
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