Futurewave Acquisition Corp (NASDAQ:FWACU) Short Interest Update

Futurewave Acquisition Corp (NASDAQ:FWACU – Get Free Report) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 784 shares, a decline of 98.7% from the July 30th total of 60,782 shares. Based on an average daily trading volume, of 241 shares, the days-to-cover ratio is currently 3.3 days.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Futurewave Acquisition to a “hold” rating in a research report on Saturday, July 4th.

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Institutional Trading of Futurewave Acquisition

A hedge fund recently raised its stake in Futurewave Acquisition stock. Readystate Asset Management LP lifted its position in shares of Futurewave Acquisition Corp (NASDAQ:FWACU – Free Report) by 127.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,357 shares of the company’s stock after purchasing an additional 37,694 shares during the period. Readystate Asset Management LP’s holdings in Futurewave Acquisition were worth $694,000 at the end of the most recent quarter.

Futurewave Acquisition Stock Performance

Shares of NASDAQ FWACU remained flat at $10.24 during midday trading on Tuesday. The company’s 50-day moving average price is $10.09. Futurewave Acquisition has a 52 week low of $10.00 and a 52 week high of $10.24.

Futurewave Acquisition Company Profile

(Get Free Report)

Futurewave Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. Companies like Futurewave Acquisition are typically created to help identify and combine with an operating business, rather than to run a traditional commercial operation themselves.

As a blank check company, Futurewave Acquisition does not provide a broad portfolio of products or services in the conventional sense.

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