Forefront Tech Holdings Acquisition Corp Unit (NASDAQ:FTHAU) Shares Shorted: Short Interest Up 47.9% in September

Forefront Tech Holdings Acquisition Corp Unit (NASDAQ:FTHAU) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,467 shares, a growth of 47.9% from the August 31st total of 992 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Forefront Tech Holdings Acquisition Corp Unit Price Performance

FTHAU stock opened at $10.08 on Friday. Forefront Tech Holdings Acquisition Corp Unit has a 12 month low of $9.94 and a 12 month high of $10.25. The company has a 50-day simple moving average of $10.12.

About Forefront Tech Holdings Acquisition Corp Unit

Forefront Tech Holdings Acquisition Corp. is a special purpose acquisition company (SPAC) whose publicly traded units are listed on the Nasdaq under the symbol FTHAU. The company was formed to raise capital through an initial public offering and pursue a business combination with an operating company.

Unlike an operating business, Forefront Tech Holdings Acquisition Corp. does not provide products or services of its own. Its planned activities may include a merger, stock purchase, asset acquisition, reorganization or similar transaction with one or more businesses, subject to shareholder approval and other applicable conditions.

The company’s units represent securities issued in connection with its SPAC offering and may separate into their underlying securities under the terms of the offering.