Flag Ship Acquisition Corp (NASDAQ:FSHPU) Shares Shorted: Short Interest Up 16,933.3% in October

Flag Ship Acquisition Corp (NASDAQ:FSHPU) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 511 shares, a growth of 16,933.3% from the September 30th total of 3 shares. Based on an average trading volume of 110 shares, the short-interest ratio is currently 4.6 days.

Flag Ship Acquisition Price Performance

Shares of NASDAQ:FSHPU remained flat at $11.30 during midday trading on Monday. Flag Ship Acquisition has a twelve month low of $10.43 and a twelve month high of $13.40. The firm’s 50 day moving average is $11.32 and its 200 day moving average is $11.21.

About Flag Ship Acquisition

Flag Ship Acquisition Corp. is a special purpose acquisition company (SPAC) whose securities trade on the Nasdaq Capital Market under the symbol FSHPU. As a blank-check company, it was formed to identify and complete a business combination with an operating company.

The company does not operate a conventional business and does not currently offer products or services of its own. Its activities are focused on evaluating potential merger, acquisition, reorganization, or similar transactions that could result in a target company becoming publicly traded.

Information about Flag Ship Acquisition Corp.’s specific target industry, geographic markets, completed transactions, and leadership is limited.