FortuneX Acquisition Corporation (NASDAQ:FXAC – Get Free Report) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 432 shares, a decrease of 70.2% from the August 31st total of 1,450 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 117,825 shares, the days-to-cover ratio is currently 0.0 days.
FortuneX Acquisition Trading Up 0.3%
NASDAQ FXAC opened at $10.09 on Friday. FortuneX Acquisition has a 1-year low of $9.97 and a 1-year high of $10.43. The company has a 50-day moving average price of $10.06.
FortuneX Acquisition Company Profile
FortuneX Acquisition (NASDAQ: FXAC) is a special purpose acquisition company, or SPAC. Rather than operating a conventional business or selling products and services, the company was formed to identify and complete a business combination with one or more private companies.
Its primary activities include evaluating potential acquisition targets, negotiating transaction terms and completing a merger, acquisition or similar combination. If a transaction is completed, the combined company would generally become the operating business associated with FortuneX Acquisition’s public listing.
Publicly available information about FortuneX Acquisition’s specific target industries, geographic focus and leadership is limited.
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