Futurewave Acquisition Corp (NASDAQ:FWACU – Get Free Report) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 60,782 shares, a growth of 499.6% from the July 15th total of 10,137 shares. Based on an average trading volume of 12,619 shares, the short-interest ratio is presently 4.8 days.
Futurewave Acquisition Price Performance
FWACU opened at $10.15 on Friday. Futurewave Acquisition has a fifty-two week low of $10.00 and a fifty-two week high of $10.15.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Futurewave Acquisition to a “hold” rating in a research report on Saturday, July 4th.
About Futurewave Acquisition
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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