Amanat Acquisition Corp. (NASDAQ:AMAN) Shares Shorted: Short Interest Down 50.6% in September

Amanat Acquisition Corp. (NASDAQ:AMAN) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 10,310 shares, a drop of 50.6% from the August 31st total of 20,875 shares. Based on an average daily volume of 2,814 shares, the days-to-cover ratio is presently 3.7 days. Currently, 0.1% of the company’s stock are sold short.

Amanat Acquisition Stock Down 0.8%

AMAN traded down $0.09 during trading on Tuesday, hitting $10.54. The stock had a trading volume of 444 shares, compared to its average volume of 63,737. The business’s 50 day simple moving average is $10.52. Amanat Acquisition has a twelve month low of $9.98 and a twelve month high of $10.79.

Amanat Acquisition (NASDAQ:AMAN) last issued its quarterly earnings data on Thursday, June 25th. The company reported ($0.03) EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on shares of Amanat Acquisition in a report on Tuesday, August 11th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Amanat Acquisition Company Profile

Amanat Acquisition Corp. was a special purpose acquisition company (SPAC) established to identify, acquire, or combine with an operating business. The company was sponsored by Amanat Holdings, a United Arab Emirates-based investment company focused on healthcare and education.

Amanat Acquisition’s stated investment focus was on businesses in the healthcare, education, and related sectors, particularly those serving markets in the Middle East and North Africa. As a SPAC, it did not operate a conventional portfolio of products or services before completing a business combination.

The company was formed under the sponsorship and oversight of Amanat Holdings and pursued opportunities consistent with its sponsor’s regional sector expertise.