AMR Resources Acquisition Corp. (NASDAQ:AMACU) Shares Shorted: Short Interest Down 69.8% in September

AMR Resources Acquisition Corp. (NASDAQ:AMACU) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 130 shares, a drop of 69.8% from the September 15th total of 430 shares. Based on an average trading volume of 628 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of AMR Resources Acquisition to a “hold” rating in a research note on Saturday, July 25th.

AMR Resources Acquisition Stock Up 0.0%

NASDAQ:AMACU traded up $0.00 during trading hours on Monday, reaching $9.90. 1,002 shares of the stock were exchanged, compared to its average volume of 114,664. AMR Resources Acquisition has a twelve month low of $9.90 and a twelve month high of $10.05. The stock has a 50-day simple moving average of $9.95.

About AMR Resources Acquisition

AMR Resources Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. The company does not have material ongoing commercial operations, products or services of its own.

Its stated strategy is to seek a merger, share exchange, asset acquisition, stock purchase, reorganization or similar transaction with a business in the resources sector. The company may evaluate opportunities involving natural resources and related industries, although it has not publicly identified a specific target or operating geography.

AMR Resources Acquisition Corp.