Futurewave Acquisition Corporation (NASDAQ:FWAC – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,335 shares, an increase of 99.6% from the September 15th total of 669 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 64,702 shares, the short-interest ratio is presently 0.0 days.
Futurewave Acquisition Price Performance
NASDAQ FWAC traded up $0.01 during trading hours on Wednesday, hitting $9.96. 129,616 shares of the company were exchanged, compared to its average volume of 100,415. The company’s 50 day simple moving average is $9.93. Futurewave Acquisition has a 52-week low of $9.85 and a 52-week high of $9.96.
About Futurewave Acquisition
Futurewave Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Rather than selling products or services directly, the company’s primary activity is raising capital through an initial public offering and using those funds, subject to shareholder approval, to pursue a merger, acquisition, or similar transaction.
As a blank-check company, Futurewave Acquisition does not have an established portfolio of operating products, a broad customer base, or a defined geographic service area in the same manner as a traditional public company.
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