FortuneX Acquisition Corporation (NASDAQ:FXAC) Sees Large Increase in Short Interest

FortuneX Acquisition Corporation (NASDAQ:FXACGet Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,450 shares, an increase of 225.8% from the August 15th total of 445 shares. Based on an average daily volume of 3,343 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

FortuneX Acquisition Stock Performance

FXAC stock traded down $0.00 on Friday, hitting $10.08. 440,259 shares of the company were exchanged, compared to its average volume of 29,465. FortuneX Acquisition has a twelve month low of $9.97 and a twelve month high of $10.43. The company has a fifty day simple moving average of $10.04.

About FortuneX Acquisition

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FortuneX Acquisition Corporation is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. FortuneX Acquisition Corporation is based in New York.

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