Future Money Acquisition Corp (NASDAQ:FMACU – Get Free Report) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 469 shares, a decrease of 58.9% from the April 15th total of 1,142 shares. Based on an average daily trading volume, of 25,486 shares, the short-interest ratio is presently 0.0 days.
Future Money Acquisition Stock Up 0.1%
FMACU stock opened at $10.06 on Friday. Future Money Acquisition has a fifty-two week low of $9.98 and a fifty-two week high of $10.10.
Analyst Ratings Changes
Separately, Wall Street Zen raised Future Money Acquisition to a “hold” rating in a report on Saturday, April 4th.
About Future Money Acquisition
Future Money Acquisition (NASDAQ: FMACU) is a special purpose acquisition company, commonly known as a blank?check company, that completed an initial public offering of units and is organized to effect a business combination with one or more operating businesses. As a SPAC, its principal activity is to identify, evaluate and consummate mergers, capital stock exchanges, asset acquisitions, reorganizations or similar business combinations that would result in its transition to an operating company.
Like other SPACs, Future Money Acquisition typically holds the proceeds of its offering in a trust account pending the identification and closing of a qualifying transaction.
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