Amanat Acquisition Corp. (NASDAQ:AMAN) Sees Significant Decrease in Short Interest

Amanat Acquisition Corp. (NASDAQ:AMAN) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 6,252 shares, a decrease of 39.4% from the September 15th total of 10,310 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 3,155 shares, the days-to-cover ratio is presently 2.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on shares of Amanat Acquisition in a report on Tuesday, August 11th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Amanat Acquisition Trading Down 0.4%

Shares of NASDAQ:AMAN opened at $10.31 on Friday. The firm’s 50-day simple moving average is $10.58. Amanat Acquisition has a 1 year low of $9.98 and a 1 year high of $10.79.

Amanat Acquisition (NASDAQ:AMAN) last released its quarterly earnings data on Thursday, June 25th. The company reported ($0.03) earnings per share for the quarter.

About Amanat Acquisition

Amanat Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with an operating company. Its potential transactions may include a merger, share exchange, asset acquisition, share purchase, reorganization or similar combination.

As an acquisition company, Amanat does not operate a traditional portfolio of products or services. Instead, its principal activity is evaluating potential target businesses and negotiating a transaction intended to create a publicly traded operating company.