Short Interest in Amanat Acquisition Corp. (NASDAQ:AMAN) Increases By ?

Amanat Acquisition Corp. (NASDAQ:AMAN) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 17,274 shares, an increase of ? from the May 14th total of 0 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 201,436 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Amanat Acquisition to a “hold” rating in a research report on Saturday, May 23rd.

Amanat Acquisition Price Performance

AMAN stock opened at $10.07 on Tuesday. Amanat Acquisition has a fifty-two week low of $10.00 and a fifty-two week high of $10.40.

About Amanat Acquisition

Amanat Acquisition Corp. is a special purpose acquisition company, or SPAC, formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Like other SPACs, its purpose is to identify and complete a transaction with an operating company rather than to run a traditional commercial business of its own.

The company was organized to pursue acquisition opportunities, but detailed public information about an operating business, product lineup, or end-market services is limited because its primary function is to serve as a vehicle for a future business combination.