Amanat Acquisition Corp. (NASDAQ:AMAN) Stock Short Interest Drops 50.6%

Amanat Acquisition Corp. (NASDAQ:AMAN) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 10,310 shares, a drop of 50.6% from the August 31st total of 20,875 shares. Based on an average daily trading volume, of 2,814 shares, the days-to-cover ratio is presently 3.7 days. Approximately 0.1% of the shares of the company are short sold.

Amanat Acquisition Stock Down 1.1%

Shares of AMAN stock traded down $0.12 on Wednesday, reaching $10.49. 3,081 shares of the company were exchanged, compared to its average volume of 63,057. The firm has a 50-day moving average of $10.53. Amanat Acquisition has a 1 year low of $9.98 and a 1 year high of $10.79.

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

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on shares of Amanat Acquisition in a report on Tuesday, August 11th. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Amanat Acquisition

Amanat Acquisition Corp. was a special purpose acquisition company (SPAC) established to identify, acquire, or combine with an operating business. The company was sponsored by Amanat Holdings, a United Arab Emirates-based investment company focused on healthcare and education.

Amanat Acquisition’s stated investment focus was on businesses in the healthcare, education, and related sectors, particularly those serving markets in the Middle East and North Africa. As a SPAC, it did not operate a conventional portfolio of products or services before completing a business combination.

The company was formed under the sponsorship and oversight of Amanat Holdings and pursued opportunities consistent with its sponsor’s regional sector expertise.