Short Interest in Flag Ship Acquisition Corporation (NASDAQ:FSHPR) Grows By 1,033.9%

Flag Ship Acquisition Corporation (NASDAQ:FSHPR) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 15,274 shares, an increase of 1,033.9% from the July 30th total of 1,347 shares. Based on an average trading volume of 4,320 shares, the days-to-cover ratio is presently 3.5 days.

Flag Ship Acquisition Trading Up 28.6%

NASDAQ FSHPR traded up $0.02 during trading on Tuesday, reaching $0.09. 6,451 shares of the company’s stock traded hands, compared to its average volume of 10,422. The company’s 50 day simple moving average is $0.08 and its two-hundred day simple moving average is $0.11. Flag Ship Acquisition has a 12-month low of $0.04 and a 12-month high of $0.22.

Flag Ship Acquisition Company Profile

Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to acquire businesses in Internet and high technology, financial technology, clean energy, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.