Amanat Acquisition Corp. (NASDAQ:AMAN – Get Free Report) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 6,252 shares, a drop of 39.4% from the September 15th total of 10,310 shares. Based on an average daily volume of 3,155 shares, the short-interest ratio is currently 2.0 days. Approximately 0.1% of the shares of the stock are sold short.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings initiated coverage on Amanat Acquisition in a report on Tuesday, August 11th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on AMAN
Amanat Acquisition Price Performance
Shares of AMAN opened at $10.31 on Friday. Amanat Acquisition has a fifty-two week low of $9.98 and a fifty-two week high of $10.79. The business has a 50 day simple moving average of $10.58.
Amanat Acquisition (NASDAQ:AMAN – Get Free Report) last released its earnings results on Thursday, June 25th. The company reported ($0.03) EPS 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.
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